NewsWatch.com.ng journalist Ridwan Adeola Yusuf has over 9 years of expertise protecting public journalism and governance.
FCT, Abuja – Peter Obi, the presidential candidate of the Labour Party (LP) within the 2023 election, has stated Aliko Dangote’s latest outcry towards the present rate of interest of 30% underscores his earlier stance financial coverage of the Bola Tinubu administration.
Dangote had criticised Nigeria’s {economic} drivers’ resolution to boost rates of interest to almost 30%.
The foremost entrepreneur additionally advocated for insurance policies that safeguard home industries and domesticate them into indigenous champions able to producing jobs within the face of present world {economic} woes.
In a press release he personally signed on Thursday, July 4, the presidential hopeful recalled that earlier in 2024, he spoke towards the choice of the financial coverage committee to peg the financial coverage price (MPR) at 22.5% and up the money reserve ratio (CRR) to 45%.
Obi stated he had warned that this is able to additional worsen the {economic} scenario in Nigeria.
In keeping with the previous Anambra state governor, the coverage instruments by the Central Bank of Nigeria (CBN) would push rates of interest on loans to above 30%, “which might be very troublesome for producers and MSMES to borrow and repay”.
He stated:
Earlier, NewsWatch.com.ng reported that Obi defined why he attended the commissioning of Dangote Refinery within the Lekki free commerce cone space of Lagos state.
Obi stated he attended the occasion as a result of he has persistently referred to as for better private-sector participation in Nigeria’s financial system.
Proofreading by James Ojo Adakole, journalist and duplicate editor at NewsWatch.com.ng.
Supply: NewsWatch.com.ng
