Expert challenges FG on inflation rate
The president and
council head of the Chartered Institute of Bankers of Nigeria (CIBN),
Laoye Jaiyeola, has urged the Federal Government to come up with
effective measures to check inflation.
Mr. Jaiyeola told
the News Agency of Nigeria on Thursday, in Abuja, that for the economy
to be strong, inflation must be checked.
“You will recall
that a lot of money has been in circulation, and if you look at the
policy that the CBN has released, it is aimed at controlling inflation.
Our expectation is that even as we have more money being released, our
concern is that manufacturers will start doing business, and so goods
will come,” he said.
He said the measure
would go a long way to reduce inflation in the country, adding that
inflation could be checked if money would be channeled into proper
avenues for development.
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