The Central Bank of Nigeria’s Monetary Policy Committee has hiked benchmark interest to 13%. What CBN did is the right thing: Nigeria needs to fight inflation which was 16.8% in April. By hiking the rate, it could reduce demand, theoretically. However, it does not work that way in Nigeria, practically, as we’re never in any … Continue reading Nigeria’s Central Bank Hikes Interest Rate; We Must Focus More On Supply To Push Price Equilibrium and Tame Inflation