Find the latest bookmaker offers available across all uk gambling sites Read the reviews and compare sites to quickly discover the perfect account for you.
Friday , October 28 2016
Home / Politics / Governor El-Rufai Attacks Central Bank Of Nigeria

Governor El-Rufai Attacks Central Bank Of Nigeria

El Rufai

Kaduna State governor, Nasir el-Rufai, on Wednesday decried the Central Bank’s prevailing fiscal regime, saying the bank’s 14 per cent monetary policy rate has led to massive job losses in the country.
Mr. El-Rufai said the CBN risked losing its power to set lending rates for commercial banks unless it immediately addressed the situation, adding that only unscrupulous elements could successfully operate under the current fiscal policy atmosphere.

“We have a Central Bank that has an MPR at —what?— 14 per cent and banks lending at 20 percent. Only traders and drug dealers can make money at this interest rate.
“I have said it before and I will repeat it again, unless the Central Bank and the banking system make a conscious decision to bring interest rate down, one day we would legislate it,” Mr. El-Rufai said.

The governor’s comments were delivered at a special edition roundtable organised by Women in Business, a non-profit women advocacy organisation, in Abuja.

Check Also


Femi Fani-Kayode’s Wife Precious Chikwendu Detained At A Bank In Ado-Ekiti On The Orders Of EFCC

Read the press statement from Femi Fani-Kayode detailing the incident that took place yesterday This ...

Leave a Reply

Your email address will not be published. Required fields are marked *