• Friday, March 01, 2024
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BusinessDay

Inflation to slow to 21.4% in 2024 on CBN’s targeting

How reforms can boost productivity as money supply rises 77%

… FG expects 3.67% GDP growth

Inflationary pressures are expected to decline to 21.4 percent in 2024, driven by inflation targeting of the Central Bank of Nigeria (CBN).

Yemi Cardoso, the Governor of the Central Bank of Nigeria (CBN) disclosed this during the launch of The Nigerian Economic Summit Group (NESG) macroeconomic outlook report for 2024 titled ‘Economic Transformation Roadmap,Medium-Term Policy Priorities,’ which took place in a hybrid format in Lagos.

Read also: Nigeria on point of stability says Cardoso

He said the projections for the nation’s economy, paints an optimistic trajectory as the Federal Government of Nigeria anticipates real GDP growth of 3.67 percent.