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Emerging Markets

Nigeria’s rate hikes may be hurting growth more than prices, Fasua warns

Nairametrics · 1h ago · 🇳🇬 Nigeria

Nigeria’s rate hikes may be hurting growth more than prices, Fasua warns

Presidential aide Tope Fasua has called for a rethink of Nigeria’s tight monetary policy framework, warning that prolonged high interest rates could slow economic growth without delivering the desired reduction in inflation. Fasua, Special Adviser to President Bola Tinubu on Economic Affairs, spoke on Wednesday at the seventh Africa Emerging Markets Forum in Abuja. He […] The post Nigeria’s rate hikes may be hurting growth more than prices, Fasua warns appeared first on Nairametrics .

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