Excessive govt spending undermining monetary policy – MPC member

Excessive govt spending undermining monetary policy – MPC member

A member of the Central Bank of Nigeria’s Monetary Policy Committee, Murtala Sagagi, says excessive government spending is a major challenge to effective monetary policy in Nigeria. According to Sagagi, the inability to control fiscal expenditure continues to undermine monetary policy measures, making inflation and exchange rate stability difficult to achieve. In his personal statement

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