NewStats: 3,262,649 , 8,177,789 topics. Date: Tuesday, 03 June 2025 at 07:42 AM 671t5q

Mr Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN), has attributed the country’s rising inflation to worsening insecurity, caused by bandits, terrorists and armed herdsmen.

Emefiele stated this on Tuesday while presenting the communique from the Monetary Policy Committee (MPC) meeting which started on Monday.

Emefiele explained that the inflation, which has increased for the 18th consecutive month, was exacerbated by food inflation.

He said that insecurity in many food producing areas of the country was a major contributing factor.

“The MPC noted with concern the continued uptick in inflationary pressure for the 18th consecutive month as headline inflation continued on an upward to 17.33 per cent at the end of February 2021 from 16.47 per cent in January 2021.

“This increase continues to be attributed to both food and other core components of inflation.

“This specific uptick in food inflation was the major driving factor for the uptick in headline inflation.


“This was due to the worsening security situation in many parts of the country, particularly the food producing areas where farmers faced frequent attacks by herdsmen and bandits in their farms,’’ he said.

The apex bank’s governor said that while the bank was making significant intervention in the agricultural sector, the rising insecurity was limiting expected outcomes in of supply to the markets.

He added that the situation was a major contributory factor to the rise in food prices.

Emefiele urged the Federal Government to collaborate with relevant stakeholders to urgently address the challenge of insecurity across the country.

He said that the inflationary trend was also worsened by the hike in the pump price of petrol, the upward adjustment of electricity tariff as well as depreciation in the value of the Naira.

He, however, commended CBN’s various interventions to boost food security through its various agriculture programmes

https://www.pmnewsnigeria.com/2021/03/23/emefiele-bandits-terrorists-cause-of-nigerias-inflation/

Biafra will come.


Oodua Nation will come.

➡See the rubbish way Buhari's
policy makers think?

▶Why will Nigeria not be failing in
all sectors?

▶Maybe bandits are also responsible for
the high cost of petrol, cooking gas, garri,
palm oil, transportation falling value of
naira etc.

APC has nothing to offer but
incompetence pain, hunger & death.
The worst government in the history of this
country.


❌❌❌❌❌❌❌

All hail the clueless CBN Governor.... The only man that can make an APEX financial institution look like a circus with the foolish policy he keeps churning out every month without doing any consultation first.

They can blame everything and everyone for their incompetence but will never blame themselves.

Working under Buhari will make even a PhD holder look like a clown in the eyes of everyone...


Sai Baba for 32years...!!!

Emefiele, its as if you don't need your job again.
So the source of income for the north is now the cause of inflation? Make Buhari hear u

And whose responsibility is to stop the bandits and terrorists. Idi ara

Confused set of individuals. You've spent over $30b on the search of crude oil in the north which has only yielded less than 23wells with 2 dry and the rest not of commercial quantity. while in Kokori Delta State, someone has that same number of wells producing prolifically in his backyard. Why not use that money to to build refineries to curb our loss of forex? Truth be told we have no business importing refined petroleum products, talkless of paying subsidy, but no the search for crude in the North is a good conduit for loss of money(I said loss of money o).
You people watch farmers killed and raped by herders who send their cows into people's farms to consume their crops and claim that all lands are their inheritance. No worry, famine will soon hit this country if this herders are not controlled not only inflation.

Bunch of myopic mofos.

Banditry is another booming business on it own, a great employer of labour and manpower!!!
Wouldn't be surprised if the budget for bandits sured that of Niger and Zamfara combined.

My appeal to Sheik Gumi is to try and the business with corporate affairs and also do well to get a tax card from FIRS!!!

Should Bishop Kukah documents all these in his coming Easther sermon, you will see all these hypocrites crawling out of their homes like a grunting pig on heat period threatening to burn the cathedral down!!

These guys can’t move this country forward.

Odi egwu

Emefiele is a good economist. It's just a pity that he's serving under very corrupt politicians and Illiterate President

its audible to the deaf na ..... very clear to everyone but i knw it will still bounce back to northerner pple ..... them think say dem dey do us ?

You can't be associating with a failure and never turnout to be one. Emefiele has ed Blamer's gang finally.



Emefiele has failed just like Buhari

Bandits, terrorists n cluelessnes are the causes of Nigeria inflation

Blame those who treat them with kid's glove with amnesty in mind. They think they are making a statement like ND guys who affected the economy also.

Who them never blame? who's supposed to fight insecurity?
I never wan mention increase in petrol price sef.

adecz:



See the rubbish way Buhari's
policy makers think?

Why will Nigeria not be failing in
all sectors?

Maybe bandits are also responsible for
the high cost of petrol, cooking gas, garri,
palm oil, transportation falling value of
naira etc.

APC has nothing to offer but pain
& hunger.

What do you think will happen in a situation where farmers cannot plant and harvest in peace. The answer is INFLATION. Emefiele has a point here.

These idiots have shifted blame to Bandits instead of their obsessed incompetence...

It's good when you try to sensitize the populace on your policies so as to achieve your goals but your core mandates are:

1. ensure monetary and price stability;
2. issue legal tender currency in Nigeria;
3. maintain external reserves to safeguard the international value of the legal tender currency;
4. promote a sound financial system in Nigeria; and
5. act as Banker and provide economic and financial advice to the Federal Government.
....................................................

Abeg, just deliver first before you talk because Buhari is performing better that you.

ubola:
What do you think will happen in a situation where farmers cannot plant and harvest in peace. The answer is INFLATION. Emefiele has a point here.

And is petrol farm produce also?

Lol. I thought they were saying that it was #EndSARS.

trailblazar:
protests and justified civil disobedience is terorrism to the government

That is it. They turned everything they are uncomfortable with to "issues of national security" to enable them trample on people's fundamental human rights. When a government abuses words like national security, enemies of state, terrorist, etc one thing comes into my mind- fascism and totalitarianism. I just hope that future governments won't continue with this bad precedent.

They are still the cause of rise in dollar exchange rate, abi?

You idiots should always talk with sense and stop thinking/talking like a criminal.

Your dead man as a president can bring solution to the inflation but he won't do cause the system is corrupt and he is not capable of any-goddamm-thing.

You idiots are criminals...

Ogun kill all of una there!

Mad people.

The right people in the right places need to start doing the right thing. Blaming incompetence on anything that crosses the mind has been normalised under this istration. The bar has been set too low and this will affect us for a long long time.

ubola:
What do you think will happen in a situation where farmers cannot plant and harvest in peace. The answer is INFLATION. Emefiele has a point here.

Is garri, palm oil or semovita, petrol
or cooking gas produced in northern Nigeria?

Since this government came to power
in 2015, good prices have been steadily
on the rise due to bad & incompetent
leadership .

Insecurity is rampant in northern Nigeria
because if Buhari's soft spot for boko haram
and Fulani bandits who he refuses our
security agents to deal with decisively. Is
it not the same Buhari who gives captured
BH terrorist VIP treatment & sends them
back, against the wishes of the borno
governor & the community?

Since Fulani have been terrorizing Western
or Eastern Nigeria, has Buhari ever spoken
or cautioned his brothers?


Guy, you better park well because you
don't understand the dynamics & results
of poor leadership.

He has a point because they are preventing farmers from farming, but that's not the main reason. Government policies, especially the ones implemented through CBN, and you, Mr Emefielle are the real inflation pushers. All the useless charges on bank transactions is going to the consumers, all your dollar policies, all your crypto and forex policies, giving Dangote priority while discouraging others, all these are pushing up inflation rate sir

My brother habah!!!!!!!

In other words, buhari caused inflation.

Because the last time I checked buhari is their chief sympathizer and sponsor of these bandits, kidnappers and terrorists.

He gives them money at will.

Nigeria is finished.

Take it or leave it.

SMH... Nincompoop

Excuses Galore