The Central Bank Governor of Nigeria, Olayemi Cardoso stated that the high cost of foodstuff in the Country was caused by Federal Government Palliatives.
He reveals this During a meeting at the March Monetary Policy Committee.
He said this MPC increased the benchmark interest rate to 24.7 percent from its former rate of 22.75 percent.
The country’s inflation rate speeds up to 33.2 percent in just March, with the food inflation rate going high to 40.01 percent.
We will do all we can to make sure it falls ‘he added”
THE ROTTEN FISH: CAN OF WORMS OPENED OF APC & TINUBU'S GOVERNMENT OVER NIGERIA'S ECONOMIC DOWNTURN
WATCH THE CRITICAL ANALYSIS AND KNOW THE RESPONSIBLE PARTIES TO BLAME FOR NIGERIA'S ECONOMIC CHALLENGES, WHILE CITIZENS ENDURE SEVERE HARDSHIPS.Watch this episode of ISSUES IN THE NEWS on 9News Nigeria featuring Peter Obi's Special Adviser, Dr Katch Ononuju, 9News Nigeria Publisher, Obinna Ejianya and Tinubu Support Group Leader, McHezekiah Eherechi
The economic crisis and hardship in Nigeria are parts of the discussion.
Watch, leave your comments, and share to create more awareness on this issue.
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