Justice, Integrity, and Vigilance

Email: totalpolitics@ymail.com Tel: 08034747898  ‘’Monetary policy is like juggling six balls. It is not an interest rate up. There is an interest rate down. There is the exchange rate, there are long-term yields, there are short-term yields, and there is credit growth’’. -Raghuram Rajan When Olayemi Cardoso was first appointed the Central Bank Governor, many greeted his appointment with scepticism. The questions weren’t about his credentials and career path as a former banker and public officer. After all the immediate past governor that he succeeded was a Havard alumnus. The questions were if he could do the job and restore confidence in the monetary policy. Given his calm look; does he have the nerve to implement tough policies, checkmate the abuse of bankers' forum, restore discipline in the ways and means, stabilize the Naira, and halt the runaway – inflation that was biting hard on the citizens and still biting? His appointment came at a time when the Central Bank of Nigeria ...

The Central Bank of Nigeria's (CBN) decision to issue Treasury bills worth N550Bn is a crucial monetary policy tool aimed at managing inflation, stabilizing the exchange rate, and influencing interest rates. The impact of this issuance on Nigeria's economic outlook is multifaceted. The CBN's issuance of Treasury bills is expected to help combat inflation, which has been a persistent challenge for the Nigerian economy. By absorbing excess liquidity from the financial system, the CBN can reduce the money supply and curb inflationary pressures .  However, the effectiveness of this strategy depends on various factors, including the level of economic activity, the exchange rate, and the overall monetary policy stance. The issuance of the proposed Treasury bills will also influence interest rates in the economy. By issuing bills with attractive yields, the CBN can increase the cost of borrowing for banks and other financial institutions, which in turn can lead to higher lending ...

  Totalpolitics@ymail.com  Tel: 08034747898 A strong and stable Naira is crucial to economic growth , development and National Security.   The questions are : What must CBN do to make the Naira strong and stable .  To nsure the Naira remains stable and potentially regains its value, the Central Bank of Nigeria (CBN) should consider the following measures: 1. *Maintain a stable monetary policy*: The CBN should continue to implement a stable monetary policy framework, focusing on price stability and low inflation. This will help to maintain investor confidence and reduce the pressure on the Naira. 2. *Manage foreign exchange effectively*: The CBN should continue to manage the foreign exchange market effectively, ensuring that there is sufficient liquidity to meet the demands of importers and investors. This can be achieved through a combination of interventions in the foreign exchange market and the use of monetary policy tools. 3. *Promote exports and reduce impo...