The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, on Tuesday, said the Monetary Policy Committee (MPC) remains committed to addressing Nigeria’s inflation challenges.
In an interview with Bloomberg TV, he stressed that inflation is a significant threat to the country’s economic stability and assured that the MPC would take all necessary measures to curb rising prices.
Nigeria has struggled with persistent inflation due to factors like exchange rate volatility, supply chain disruptions, and other structural concerns. This has put pressure on household incomes and reduced purchasing power, complicating economic recovery efforts.
