Parrot Reporters
No Result
View All Result
  • Home
  • Top Stories
  • News
  • Politics
  • Business
  • Economy
  • World News
  • Diaspora
  • Other Features
    • Crime
    • Entertainment
    • Tourism
    • Interviews
    • Editorials
    • Opinion
Parrot Reporters

CBN Plans To Bring Down Inflation To Single Digits Within 5 Years

Parrot Reporters by Parrot Reporters
June 24, 2019
0
CBN Plans To Bring Down Inflation To Single Digits Within 5 Years
Share on FacebookShare on TwitterShare on Whatsapp

The Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele, has said he intends to work towards ensuring that the rate of inflation within Nigeria comes down to just a single digit within the next five years.

Emefiel made this known while unfolding his policy road map for the CBN for his second term.

The CBN Governor said “We will work with other stakeholders and we shall bring down the cost of food items which has considerable weight in the Consumer Price Index basket.

“Our ultimate objective is to anchor the public’s inflation expectation at single digits in the medium to long-term.

“We believe that a low and stable inflationary environment is essential to the growth of our economy because it will help support long-term planning by individuals and businesses.

“Such will also help to lower interest rates charged by banks to businesses thereby facilitating improved access to credit and corresponding growth in output and employment,” he said.

Emefiele said that macro-economic stability was key to supporting improved Growth Domestic Product (GDP) growth and greater private sector investment.

“The bank will leverage monetary policy tools in supporting a low inflation environment, while seeking to maintain stability of the exchange rate,’’ he said.

More News...

Integrity and Ideology: The Foundation of True Leadership

Integrity and Ideology: The Foundation of True Leadership

NIGERIA EDGE RWANDA 1–0 IN WORLD CUP QUALIFIER AS AROKODARE STRIKES IN UYO

NIGERIA EDGE RWANDA 1–0 IN WORLD CUP QUALIFIER AS AROKODARE STRIKES IN UYO

Ekiti State: What? Who will upset the applecart?

Ekiti State: What? Who will upset the applecart?

Operation Dudula: Between Citizen Action, Xenophobia, and Governance Failure

Operation Dudula: Between Citizen Action, Xenophobia, and Governance Failure

The touching of heads that shook the world. 

The touching of heads that shook the world. 

TINUBU AND MAHAMA: DEEPENING SOUTH–SOUTH PARTNERSHIPS IN AN ERA OF SHIFTING GLOBAL DIPLOMACY

TINUBU AND MAHAMA: DEEPENING SOUTH–SOUTH PARTNERSHIPS IN AN ERA OF SHIFTING GLOBAL DIPLOMACY

The Rise and Fall of Simon Ekpa: Conviction a Historic Lesson Against Fraud, Violence — Nnamdi Kanu’s Lawyer

The Rise and Fall of Simon Ekpa: Conviction a Historic Lesson Against Fraud, Violence — Nnamdi Kanu’s Lawyer

Late Call-Ups Bolster South Africa Squad Ahead of Nigeria Showdown

Late Call-Ups Bolster South Africa Squad Ahead of Nigeria Showdown

About Us

Parrot Reporters is an independent and non-partisan news platform with special focus on Nigerians in Diaspora cum news within and outside the shore of Nigeria.


Our aim is to celebrate the exploits of Nigerians in diaspora particularly in Southern Africa and other parts of the world.

Categories

  • Business
  • Comic
  • Cover Stories
  • Crime
  • Economy
  • Editorials
  • Entertainment
  • Health
  • Interviews
  • Nigerians In Diaspora
  • Opinion
  • Other News
  • Politics
  • Sports
  • Tourism
  • Videos
  • World News

Follow Us

COPYRIGHT © Parrot Reporters
No Result
View All Result
  • Browse
    • Sports

© Parrot Reporters