CBN doesn’t have magic wand to solve Nigeria’s economic challenges–Cardoso
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso has stated that the bank does not have a magic wand to solve Nigeria’s current economic challenges.
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The apex bank’s chief said this in an emailed speech on Tuesday according to reports from Reuters.
He said, “The CBN does not have a magic wand that can be waved at the current economic challenges,”
Nigeria currently battles a depreciating naira, double-digit inflation poised to reach 30 per cent according to KPMG analysis and an N87 trillion debt.