Reps Warns CBN Against Risks of High Interest Rates Amid Economic Recovery
By Oluwakemi Kindness The House of Representatives Committee on National Planning and Economic Development has urged the Central Bank of Nigeria (CBN) to reconsider the prolonged use of high interest rates to fight inflation, warning of potential adverse effects on key sectors of the economy. Chairman of the Committee, Rep. Gboyega Nasiru issued the caution on Wednesday in Abuja during a meeting with the Statistician-General of the Federation and Chief […]