₦airaland Forum

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

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waiting for experts to arrive

Abeg bro. Do you have any explanation? Even if na lie, something that makes sense

taylor88:
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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.

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.

Flathead8:
Thank you bro

You are welcome bruv.

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.