CBN RAISES INTEREST RATE TO 27.25%

[@shittumohammed9097]

MUST THIS MAN CONTINUE TO ADD HARDSHIP TO THE PUBLIC? PEOPLE ARE CRYING U STILL HITTING 4'' NAIL ON NIGERIANS HEAD

[@timipereallison2647]

This CBN man is just wasting our time and heaping hardship on Nigerians. All these textbook formula don't work in the Nigerian economy.

[@tundeolateju2747]

Foreign countries dropping rates, nigeria is busy doing opposite every 3 to 6 months

[@Fido1010]

It's not the same economy

[@hassaniumoru8647]

Over one year now you have be there yet you still have the mind blaming instead of showing your capacity

[@user-bt3iz7vi7q]

Governor, I hope you will agree with me most manufacturers have closed down and those that are still operating, you won’t think they are making any profit, so they should be praise for keeping employment going and goods following for Nigerian market. Since CBN grant duty free import of food stuff then I pray CBN will also grant duty free import of raw material for manufacturers for at least a year to ride out the current hardship. 🙏🙏❤️

[@uchetonia3943]

The cbm persistent rate increase doesn't have anything to do with the decline in the exchange rate. Fact is that Nigerians are broke and resisting purchase via purchasing power, hence the decline in inflation rate.

[@user-bt3iz7vi7q]

First of all forex plays a vital role in Nigeria inflation, when rate are high, it cost more for Nigerian to buy because Nigeria is a consumer economy and not much product export. With that said, the main reason the rate are falling is because there are more Naira to demand few dollars, so the question is where the large amount of Naira comes from when most Nigerians are broke and companies are far and few in deficit due to very low sells? The fact is whenever State government receives their allocations from oil revenue then the fx rate fall further so CBN should reduce the allocations and make sure the spending is transparent and accountable instead to exchange into dollar and corrupted away! Furthermore, CBN can mop up some Naira from banks to reduce less Naira in circulation and since CBN have gain reserve this month, thus CBN can release some dollar to the market to bring down the rate and help stabilise the rate immediately. CBN must implement policies to reduce pain for Nigerians and not let Nigerians to suffer then react to it. Be more proactive! 🙏🙏💪✌️❤️

[@Bestkov]

Why are you increasing the rates? Because IMF said so? Nigeria suffers from Supply inflation unlike the western world. So increasing rates for all only makes things worse. Its really sad and a pity.