As the worst since Nigeria's restoration to civil rule in 1999, the Coalition of Northern Groups (CNG) has harshly criticized the Central Bank of Nigeria's (CBN) monetary policy committee.
In an interview with reporters on Friday in Abuja, Comrade Jamilu Aliyu Charanchi, National Coordinator of CNG, stated that the government "appears" to be taking a trial-and-error approach to the economy in reaction to the hardships that Nigerians are currently experiencing.
Charanchi says this has caused additional degradation and exposed individuals to needless suffering.
Citing data from the National Bureau of Statistics (NBS) and other sources, he stated that major economic indices had worsened over the previous year and that there were no signs of improvement.
"Over the past year, key economic indices have worsened with no definitive and evidence-based solutions in sight," he stated, citing empirical data from NBS and others.
Citing data from the National Bureau of Statistics (NBS) and other sources, he stated that major economic indices had worsened over the previous year and that there were no signs of improvement.
"Over the past year, key economic indices have worsened with no definitive and evidence-based solutions in sight," he stated, citing empirical data from NBS and others.
"The Monetary Policy Committee (MPC) announced an increase in interest rates in this severe scenario, which will further destroy the economy and limit the possibilities for job creation, instead of giving relief.
"President Tinubu's economic team is the weakest since Nigeria returned to civil government in 1999, as seen by the results of the MPC economic policies.
The group is disorganized, unfocused, shortsighted, and ignorant of the intricacies of the Nigerian economy. The majority of people continue to live in abject poverty, while the government's anti-people policies have only allowed a small elite class to amass money in a primitive way.
"President Tinubu's economic team is the weakest since Nigeria returned to civil government in 1999, as seen by the results of the MPC economic policies.
The group is disorganized, unfocused, shortsighted, and ignorant of the intricacies of the Nigerian economy. The majority of people continue to live in abject poverty, while the government's anti-people policies have only allowed a small elite class to amass money in a primitive way.
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