Nigeria Needs Lower Interest Rates, Finance Minister Says

  • Inflation at decade-high, economy set to contract this year
  • Central Bank of Nigeria to announce rate decision on Tuesday

Nigeria’s Monetary Policy Committee needs to cut interest rates to help boost the economy because it’s currently more important to focus on growth than on inflation, according to Finance Minister Kemi Adeosun.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.