Nigeria Content Online

The Central Bank of
Nigeria governor, Lamido Sanusi, said on Monday he would be satisfied
with a headline inflation rate of 9.0-9.5 percent, and that creating
economic growth should be the priority.

“When you have a
country of 150 million people with 70 percent below the poverty line,
it is extremely important … to provide a stable environment to ensure
growth of the economy is not hampered by some desire to pursue a very
low single-digit rate of inflation,” Sanusi told CNBC Africa Television.

“We have brought inflation down in the last one year from 16 percent
to 10 percent. We think we can do single digits and that is good
enough, 9 percent, 9.5, would do for me.”