The World Bank Group and International Monetary Fund have told the Central Bank of Nigeria how to win a fight aimed at tackling the country’s inflation.
This comes as the World Bank and IMF said the apex bank must stick to orthodox methods of tackling inflation, which stood at 34.80 percent in December 2024.
The Senior Economist for Nigeria, World Bank Group, Dr. Sameer Matta, and Nigeria Country Representative, International Monetary Fund, Dr. Christian Ebeke, made this known at the launch of the 2025 Macroeconomic Outlook of the Nigerian Economic Summit Group themed: ‘Stabilisation in Transition: Rethinking Reform Strategies For 2025 and Beyond.’
Speaking during a panel session at the event, Matta said, “I think what is critical in terms of inflation is to stay the course.
“I think that the central bank needs to continue to be focused on making sure that inflation is under control. Obviously, part of it is related to the supply side.
“What can be done to improve the yield…
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