By Blaise Udunze At the Annual Bankers’ Dinner, when the Governor of the Central Bank of Nigeria, Yemi Cardoso, recently stated that Nigeria had “turned a decisive corner,” his remark aimed to convey assurance that inflation was decelerating with headline inflation eased to 16.05percent and food inflation retreating to 13.12 percent, the exchange rate was stabilizing, and foreign reserves ($46.7 billion) had climbed to a seven-year peak. However, beneath this announcement, a grimmer and conflicting economic situation challenges households, businesses, and investors daily. Stability is not announced; it is felt.…
Read MoreNIGERIA’S “ERA OF RENEWED STABILITY” AND THE TRUTHS THE CBN CHOOSES TO OVERLOOK
