For and Against the All Progressives Congress (3)


Continuing from where our discussion ended last week: about two months ago, during a lecture on “Beyond the Global Financial Crisis: Monetary Policy Under Global Uncertainty,” he delivered at the University of Benin, the CBN governor, Godwin Emefiele, warned that although the country has exited recession, she could slip back into it with devastating consequences for the country if certain measures were not implemented expeditiously. Recently, he reiterated essentially the same message at a media briefing held at the Central Bank building in Abuja where he presented the apex bank’s Five-Year Policy thrust effective from 2019 to 2024.


According to Emefiele, while some successes have been achieved because of several fiscal and monetary policies implemented by the CBN since 2014, the “pace of GDP growth remains fragile and is below the rate of our annual population growth at 2.7 percent. The recovery of our economy from recession has not resulted in a significant reduction…

Source: Vanguard Newspaper