The Monetary Policy Committee sat in Abuja today and discussed amongst other things, the global economic crisis. The committee expressed concern on the economic “weakness” of many developed and industrial countries due to bloated sovereign debt ratios and the trickledown effect these developments could have on the Nigerian economy. The committee disclosed that it was afraid the global economic slowdown will hurt oil prices and called on the Federal Government of Nigeria to formulate sound economic policy to wean the National economy off its oil dependency and onto a more diversified economic platform.
READ MORE AND LIVE YOUR COMMENTS :http://businessnews.com.ng/2011/11/21/cbns-monetary-policy-committee-proffers-solution-to-global-economic-crisis/