#NES30: We will do everything to avert hyperinflation – CBN

To safeguard Nigeria’s economic stability, the Central Bank of Nigeria (CBN) has pledged to take all necessary measures to prevent hyperinflation while intensifying its inflation management strategies.

The Acting Director of the Banking Supervision Department of the CBN, Adetona Adedeji, disclosed this on Monday at the Nigerian Economic Summit (NES) in Abuja.

The commitment comes amid rising concerns about the impact of inflation on consumer confidence and overall economic growth.