Nigeria: CBN Restates Single-Digit Inflation Target As Govt Woos Investors With Tax Credits

Nigeria: CBN Restates Single-Digit Inflation Target As Govt Woos Investors With Tax Credits

"The reason why we felt it was important to give ourselves this (Single-digit) as a target is to recognise the fact that inflation is probably the biggest threat to the poor, and so it is critical that we bring it down to levels that are more manageable, rather than the situation where you feel 'okay, you're lower double digits, and it's okay'. It isn't okay," the governor said.

CBN restates single-digit inflation target as FG woos investors with tax credits

“The reason why we felt it was important to give ourselves this (Single-digit) as a target is to recognise the fact that inflation is probably the biggest threat to the poor, and so it is critical that we bring it down to levels that are more manageable, rather than the situation where you feel ‘okay, you're lower double digits, and it's okay’. It isn't okay,” the governor said.

Single-Digit Inflation Could Save FG Over $10bn -Oyedele - TV360 Nigeria

The finance minister says lowering inflation and interest rates would reduce government borrowing costs, as Nigeria intensifies efforts to strengthen economic stability and ease pressure on households…… The Federal Government could save more than $10 billion by bringing inflation and interest rates into single digits, Minister of Finance and Coordinating Minister of the Economy, Taiwo …

Nigeria Could Save $10bn with Single-Digit Inflation –

Nigeria's Minister of Finance, Taiwo Oyedele, has indicated that achieving single-digit inflation could save the government more than $10 billion, significantly easing pressure on public finances.

Single-digit inflation will save Nigeria $10 billion — Taiwo Oyedele

Achieving single-digit inflation in Nigeria could save the government more than $10 billion, according to Finance Minister Taiwo Oyedele, who said lower inflation and interest rates would ease pressure on public finances.