Addressing inflation requires more than monetary policy
A member of the Central Bank of Nigeria‘s Monetary Policy Committee (MPC), Murtala Sagagi, has highlighted the complex nature of Nigeria’s inflation challenges.
According to him, mere monetary policy readjustments will have a limited impact on inflation rates without simultaneous efforts to tackle the underlying issues of insecurity and food shortages.
According to his statement during the last MPC meeting held between 26 and 27 February, the country needs a comprehensive approach to tackle inflationary pressure.…