Analysts Fault CBN’S MPR Hike to 24.75%

By Micheal Adeyemo

Two Public Affairs Analysts, Mr Wale Akintola and Honourable Femi Adebisi, say Nigeria has to become a producing nation for economic policies to thrive in the country.

Mr Akintola and Honourable Adebisi made this known while reacting to the recent increase in the Monetary Policy Rate by the Central Bank of Nigeria, CBN on Pensioners FM Weekend Current Affairs programme “Voice of Liberation”.

Mr Akintola who is also Financial Analyst and Honourable Adebisi who is also a media consultant, said the increased rate would have devastating effects on small and medium scale businesses, which could further deteriorate the nation’s economy.

Mr Akintola and Honourable Adebisi urged CBN to rather use a realistic approach in solving the nation’s economic crisis.

Recall that CBN had increased MPR rate to 24.75%

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