The Monetary Policy Committee, MPC, of the Central Bank of Nigeria, CBN, has voted to retain interest rates in the country at 14%, despite calls from experts and economic managers, including the Minister of Finance, Kemi Adeosun, for a downward review.
The African Development Bank, AfDB, has promised to help Nigeria out of its economic recession, but wants the country to adopt more people-friendly monetary policies, and lower interest rate.
