Interest rate: Cardoso setting Nigeria on the right course, says World Bank

Oct. 15, 2024 - Nairametrics

The World Bank has lauded the reforms led by the Central Bank Governor, Yemi Cardoso, noting that his monetary policies are steering the country in the right direction. Indermit Gill, Senior Vice President of the World Bank Group, made this statement during the 30th Nigerian Economic Summit organized by the Nigerian Economic Summit Group on Monday in Abuja.

“The Central Bank financing of fiscal deficit has finally ended, and Governor Cardoso has been putting Nigeria or helping to put Nigeria on the right course,” Gill said. Nigeria must stay the courseSpeaking further, the World Bank noted that Nigeria has to stay the course for there to be a meaningful return and reward on the lives of the citizens.

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