• Wednesday, October 09, 2024
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BusinessDay

Can the flight of Nigeria’s economic turnaround take-off on the monetary policy wing?

Can the flight of Nigeria’s economic turnaround take-off on the monetary policy wing?
Hook: Nigeria’s economic struggles have been marked by a combination of high inflation, a volatile currency, rising debt, multidimensional poverty, gaping inequality, and unemployment. These challenges are compounded by external factors such as fluctuating oil prices, global economic instability, spiking geopolitical uncertainties, and other internal issues like poor infrastructure, policy mismatch, and insecurity. To address these issues, Nigeria has heavily relied on monetary policy measures, particularly through interventions by the Central