Nigeria should have interest rates between 34 to 36% right now to halt inflation in its tract before lowering them down over next 2/3 years as the stabilization takes hold. Small increases don't make any impact on local and foreign products in markets and still to come to the market. A surgical strike must take place as the removal of petrol and all subsidies will act as an support boost to the solid recovery of the economy and dollar/naira stabilization as well. Please don't be timid.
Nigeria should have interest rates between 34 to 36% right now to halt inflation in its tract before lowering them down over next 2/3 years as the stabilization takes hold. Small increases don't make any impact on local and foreign products in markets and still to come to the market. A surgical strike must take place as the removal of petrol and all subsidies will act as an support boost to the solid recovery of the economy and dollar/naira stabilization as well. Please don't be timid.