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CBN Predicts 3.24% Growth In 2022 Despite Rising Inflation

CBN Predicts 3.24% Growth In 2022 Despite Rising Inflation

The Central Bank of Nigeria (CBN) has projected that the Nigerian economy will grow by 3.24 per cent in 2022, in spite of rising inflationary challenges occasioned by global socio-economic events. THE GUARDIAN reports.
The CBN Governor, Mr. Godwin Emefiele disclosed this yesterday while presenting a communique from the apex bank’s Monetary Policy Committee (MPC) meeting.
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He said the International Monetary Fund (IMF) also projected the economy to grow at 2.7 per cent, while the Federal Government projected a 4.21 per cent growth. jamb results

Emefiele, however, said the MPC was concerned about the impact the global increase in petroleum and other products was having on the Nigerian economy.

“The committee further noted that this has resulted to inflation, and believes that specific actions need to be taken to ensure that this trend does not continue,” he said.

He urged the Nigerian National Petroleum Corporation (NNPC) to take urgent steps to ensure an adequate supply of petroleum products. Information Guide Nigeria

The CBN Governor condemned the rate of oil theft recorded in recent times, which had a debilitating impact on government revenue.


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Essien, Goodnews is a gruaduate of Communication Arts, University of Uyo, Uyo; Currently working at Infoguide Media as a news writer.

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