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Please Nairaland Members Help Me Explain This - Politics - Nairaland

Nairaland ForumNairaland GeneralPoliticsPlease Nairaland Members Help Me Explain This (413 Views)

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Please Nairaland Members Help Me Explain This by Flathead8(op): 2:23pm On May 29, 2023
I copied this on Twitter and posted on my whatsapp status and my crush asked me what does it mean.. me too I don't have any idea

"The current interest-rate is anti people and anti business. It most come down" Tinubu
Re: Please Nairaland Members Help Me Explain This by taylor88(m): 2:28pm On May 29, 2023
🤣🤣🤣🤣
Re: Please Nairaland Members Help Me Explain This by Mattswaggz: 2:29pm On May 29, 2023
waiting for experts to arrive grin
Re: Please Nairaland Members Help Me Explain This by Flathead8(op): 2:30pm On May 29, 2023
Abeg bro. Do you have any explanation? Even if na lie, something that makes sense
taylor88:
🤣🤣🤣🤣
Re: Please Nairaland Members Help Me Explain This by Iamgrey5(m): 2:31pm On May 29, 2023
The interest rate set by Central Bank is above 18%, hence it is why cost of borrowing is too high..

The cost of borrowing will impact the ability of private business to borrow and invest.

Tinubu is saying it must be reduced.

Cbn is using it as an instrument to control inflation, but Tinubu believes Fiscal responsibility is what is needed to reduce inflation not high interest rate.
Re: Please Nairaland Members Help Me Explain This by Flathead8(op): 2:34pm On May 29, 2023
Thank you bro
Iamgrey5:
The interest rate set by Central Bank is above 18%, hence it is why cost of borrowing is too high..

The cost of borrowing will impact the ability of private business to borrow and invest.

Tinubu is saying it must be reduced.

Cbn is using as a instrument to control inflation, but Tinubu believes Fiscal responsibility is what is needed to reduce inflation not high interest rate.
Re: Please Nairaland Members Help Me Explain This by Iamgrey5(m): 2:34pm On May 29, 2023
Flathead8:
Thank you bro
You are welcome bruv.
Re: Please Nairaland Members Help Me Explain This by Flathead8(op): 2:35pm On May 29, 2023
I get it. Thank you
Iamgrey5:
The interest rate set by Central Bank is above 18%, hence it is why cost of borrowing is too high..

The cost of borrowing will impact the ability of private business to borrow and invest.

Tinubu is saying it must be reduced.

Cbn is using it as an instrument to control inflation, but Tinubu believes Fiscal responsibility is what is needed to reduce inflation not high interest rate.
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