The Central Bank of Nigeria (CBN), has projected a rise in inflation to twelve per cent but expects the economic variable to subsequently moderate in reaction to gains from agriculture and the manufacturing sectors.
CBN Governor, Godwin Emefiele, made the projections while explaining his
Mr. Emefiele also highlighted efforts at pushing the gross domestic products by promoting indigenous productions, with a focus on agriculture and manufacturing sectors.
“The CBN will look to adjust policy rate in line with unfolding conditions and outlook. We would also continue to ensure that the policy interest rate is delicately set to balance the objectives of price stability with output stabilisation.
