The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso has exonerated himself from the economic hardship Nigerians are facing.Â
Cardoso made the comment at the first Monetary Policy Committee (MC) meeting under his leadership on Tuesday, February 27.
He also said that the CBN was taking necessary steps to get the country’s fiscal and monetary health back to normal.
“I laugh at that question but it’s not a laughing matter and I think it is very important for Nigerians to understand that the Central Bank Governor; I and my team, are not responsible for the woes that we have today; we are part of the solution.
CBN Will Work Hard
“We are determined to ensure that we work hard to get out of the mess that Nigeria is in.
“We assumed responsibility in a time of crisis of confidence. There was a crisis of confidence, and you may all want to go to bed and wish that crisis of confidence was not there, but it was, and we can’t turn back the clock.
“All we can do is do the difficult things to make a bad situation better and I do believe that the efforts that we are making are beginning to bring back confidence because to be frank, without confidence in your business, you are not going to get far.”
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Indeed, there are quite a great number of things that need some good fixes in Nigeria to reduce the economic hardship.
From making power stable to improving security even in farms, the government has a lot in his hands.
Meanwhile, the CBN has increased the interest rate, believing that taking it to 22.75% will help lower the inflation rate.
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