Paraman:
The steps taking by the CBN so far has made inflation rate slow down. By may, June or July, inflation should start falling

giftbawa:
This means if you are to get a short-term loan for your business from any commercial bank they would charge an average of 36% percent per Annum. this would kill your business because if you add labour costs, Nepa / generator, marketing, logistics, commission to get the job, and other local and government taxes, it would be hard to stay in business.

bemeruca:
Nigeria is dead

Khyrvxjzy:
igbos are coming against this news

dododawa1:
Will food stuff



Reduced


?

higgs:
Increasing MPR will actually make inflation worse by increasing cost of borrowing for businesses. Right now,inflation in Nigeria is caused by insecurity and the high,unstable exchange rate of the naira

LaIabobo:


Inflation is around 33% while costs of goods have risen over 250%

Nigeria economy defeats the best economic policy/principles.
The problem cant be solved using inflation rate or reducing the amount of money in circulation.

JuanDeDios:

It's not. But it's only a matter of time before it is if we don't get our act together.

bemeruca:


Nobody will get their act together. Soldiers are stupid, tribes are stupid, police are stupid, politicians are laughing all the way to the bank because they know our biggest curse is the multitude of tribes we have in this country and the selfishness that clouds our mind.

You talk bad about the situation, yoruba man will attack you because it is their tribal man in charge of the country, igbo do the same thing. The problem is there, we leave it and fight ourselves, causing more problems

post=130068824:



GOD BLESS NIGERIA 🇳🇬
We will get there pretty soon ......

Meanwhile,
Dearest Sane Nairaland members,
Sisi Yewande and Madam Ngo on behalf of All of us at MANNABBQGRlLLS are checking on you.

Times are hard
It is for the best future for us all.
No pain No Gain.
Guide your mental health.
Cut down on excesses and frivolity.
Keep joining us to pray for a better Nigeria 🇳🇬.
Slow and Steady we will get to the nation flowing with milk and honey.
A country of our dreams.
God bless you all.
God bless Nigeria 🇳🇬 🇳🇬 🇳🇬

We Love You all ❤️ 😍 💖


Addendum : Enemies of Nigeria, (No matter the part of the country you came from)
Skip this comment, it ain't for you.
Check the first line to see who it was addressed to.
If you do otherwise and quote to be negative or curse sane people here you will be miserable for life.
#No be curse,
Na FACT.
Thanks and Cheers.

JuanDeDios:

Well, it's sad. But some societies have overcome similar problems. All it take is elite consensus. That's what we don't have at the moment.

Nwaokunkpara:
CBN increases the already existing hardship by 26.25 percent


NIGERIANS go hearam

Paraman:
The steps taking by the CBN so far has made inflation rate slow down. By may, June or July, inflation should start falling

Paraman:
The steps taking by the CBN so far has made inflation rate slow down. By may, June or July, inflation should start falling

Ebeano49:
FREE money for FPIs. They will flood in now that $ is nearly at 1500. Their inflows will lead to artificial appreciation of the naira to about 1200. Then they'll exit. Thus making a killing on currency differential + 26.25% ROI. Happy days!

YOU CAN'T RIG INTERNATIONAL FINANCE.

Give Nigerians power supply. Give them security to boost agriculture, trade and tourism. Cut down on wasteful government spending. Enforce rule of law no matter whose horse is gored. Allow free, fair and transparent elections..... then sit back and watch foreign investors flood in as the country prospers. It's really that simple.

Nwaokunkpara:
CBN increases the already existing hardship by 26.25 percent


NIGERIANS go hearam

tuzeriouz:
This is completely unacceptable and doesn't augur well with the failing fiscal and financial position of the economy boldly marked with increasing inflation.

Akwamkpuruamu:
Isn't this discouraging investment and bank borrowing?

Paraman:
The steps taking by the CBN so far has made inflation rate slow down. By may, June or July, inflation should start falling

Paraman:
The steps taking by the CBN so far has made inflation rate slow down. By may, June or July, inflation should start falling

fullclub:


As a macro economic student.... It will help slow down the inflation as money will be sucked from the system.

It's a contractionary monetary policy that makes less money available for borrowers and people will rather safe there funds than spend it as it guarantees more interest.

But the downside is it slows down investments