The Central Bank of Nigeria (CBN) has said that its recent monetary policy adjustments are contributing to lower lending rates at a time when inflation continues to moderate.
Emem Usoro, CBN’s deputy governor in charge of Corporate Services, made the remark on Thursday in Lagos at the ongoing seminar for Finance Correspondents Association of Nigeria (FICAN) members and business editors, themed ‘Aligning Monetary and Fiscal Policies Towards Achieving a Robust Financial System’.
Usoro described the theme as timely, saying it provides an avenue for open discussions and practical recommendations that can deepen understanding of ongoing government reforms and the level of coordination required to ensure meaningful outcomes for Nigerians. She was represented by Hakama Sidi Ali, acting director of the Corporate Communications Department of the CBN.