Insecurity worsens Nigeria’s inflation - CBN boss, Emefiele

Insecurity worsens Nigeria’s inflation - CBN boss, Emefiele
Join @Naijakit On Telegram For Instant Updates (Click Here)

OVERVIEW OF: Insecurity worsens Nigeria’s inflation - CBN boss, Emefiele

Insecurity Worsens Nigerias Inflation Cbn Boss, Emefiele

Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN), has said that the country’s rising inflation was due to insecurity.

He made the remark on Tuesday while presenting the communique from the Monetary Policy Committee (MPC) meeting.

The decline in purchasing power has increased for the 18th consecutive month and the CBN chief blamed unsafe food-producing areas.

The inflation continued on an upward to 17.33 percent at the end of February 2021 from 16.47 percent in January 2021, according to Emefiele.

The governor said while the bank was making significant intervention in the agricultural sector, insecurity was limiting supply to the market.

Emefiele urged stakeholders to collaborate with the federal government to tackle the challenge.

He also attributed the hike in petrol pump price, electricity tariff, and Naira depreciation to inflation.

Emefiele assured that the CBN would continue to use its interventions to boost food security in the country.

Naijakit creates content to benefit users and artists alike. We do this by showing data in an easy-to-digest format.

We help artists track their progress, promote songs and reach their target audience.

We have permission from the artists to display most of our content, where we do not request permission, Naijakit use content under fair use for purposes such as criticism, comment, news reporting, promotion, and research.

Please do not hesitate to contact us, If Naijakit has infringed on your copyright or the copyright of someone you represent, and you want your media files and lyrics to be removed from Naijakit database.

Naijakit will respond to “any and all take-down requests” that comply with the requirements of the Digital Millennium Copyright Act (DMCA), and other applicable intellectual property laws.

Where we get songs to upload?

Naijakit have an upload form on the site, where users have to be registered

to upload song. Admin look at the song and decide if to approve it or not after some checks.

We also receive songs from artists representatives, artists, bloggers asking us to promote songs on our site.

Naijakit TV


Write a Comment


*NOTE:* You Need To Provide a Valid Phone Number Incase we want to reach you back. or you want us to contact you back.. Via your comment.. Thanks, Your Comment is important to us!