NewStats: 3,263,216 , 8,179,413 topics. Date: Thursday, 05 June 2025 at 05:53 AM u6j52

The Governor of Central Bank of Nigeria, Mr. Olayemi Cardoso has urged the citizens to be patient over the fight against current inflation and hike in food items in the country.

Cardoso disclosed this while briefing journalists at the end of the Monetary Policy Committee, MPC, meeting in Abuja.

The CBN governor mentioned that there was no magic needed to solve inflation in Nigeria but rather patience.

Also, Cardoso noted that despite pressure from food inflation, the general inflation rate was “moderating”, pointing out that “the tools the Central Bank is using are working”.

He stated, “I have several times and I will say again, there is no magic wand. These are things that need to take their time.

“I am pleased and confident that we are beginning to get some relief and in another couple of months we will see the more positive outcomes from the Central Bank have been doing."

He added, “The committee thus reiterated several challenges confronting the effective moderation of food inflation to include rising costs of transportation of farm produce, infrastructure- related constraints along the line of distribution network, security challenges in some food producing areas, and exchange rate -through to domestic prices for imported food items.

“The MPC urged that more be done to address the security of farming communities to guarantee improved food production in these areas.

“ further observed the recent volatility in the foreign exchange market, attributing this to seasonal demand, a reflection of the interplay between demand and supply in a freely functioning market system.”

The Central Bank of Nigeria has also blamed the recent volatility of the country’s foreign exchange market on seasonal demand for dollars.

“ further observed the recent volatility in the foreign exchange market, attributing this to seasonal demand, a reflection of the interplay between demand and supply in a freely functioning market system,” a communique issued by the committee on Tuesday stated.

https://saharareporters.com/2024/05/22/we-have-no-magic-wand-tackling-inflation-will-take-time-central-bank-governor-cardoso#google_vignette

Lmao

So, finally, they accepted their level of emptiness.

nlfpmod

Clueless people ed by stu.pid BATerian rodents.

Abi

Rome wasn't built in a day now

AcuraZDX:

https://saharareporters.com/2024/05/22/we-have-no-magic-wand-tackling-inflation-will-take-time-central-bank-governor-cardoso#google_vignette

He don finally agree say all of them are empty heads.

Tinubu olodo. His entire appointees olodo

Inflation is fast but fighting it is slow.

Oloriburuku patch patch CBN governor

Now I know why this man is called CARDI B🤭😊

Lol

Oga this is 419


Did you tell Nigerians you do not have any magic wand before the last election??

Lol.
They are all alike

AcuraZDX:


https://saharareporters.com/2024/05/22/we-have-no-magic-wand-tackling-inflation-will-take-time-central-bank-governor-cardoso#google_vignette

We do not have time

Tilumbu is a failure

Someone who is supposed to be an ant saying na statistics we go chop?

Tilumbu built Lagos in the mud.

Hellnues is like the epi pawa has hold you since yesterday. Be patient with the failure called president he will fix Nigeria for you when you grow 80yr

Shut the h up

Sane Nigerians knew that Tinubu's patch patch CV CBN governor has absolutely nothing to offer.

Yet your boss quickly went to announce the removal of fuel subsidy, not considering the consequences it could have on the people. Awon mthfkr.

Foolish idiot. You have no magic wand but your drug criminal presidiot said that it was his turn to rule. So he didn't know that he had no magic wand before beating that his dry cocaine-damaged chest.

After misleading Buhari and Emefule to print more money

Agbado miscreant have you heard it.. are you not convinced that u are finished? Are you still hoping

helinues:
Abi

Rome wasn't built in a day now

Neither was it built in a century. Shut up

If your rulers knows that they are bereft of smart ideas, they should resign instead of throwing the country into multidimensional poverty.

Oh you don't?

resign then, and let competent hands handle the economy

According to the ant General of the federation, tax is the highest source of revenue in Tinubu's Nigeria.

Shame


https://www.youtube.com/watch?v=ESmeqpsuZv4

It is finished.

Mechanic CBN Gov just like his boss fake ant

Then resign and give others a chance.

AcuraZDX:
Lmao

So, finally, they accepted their level of emptiness.

Before nko. Na their 30k online erat dey cover their yansh

😂😂

Ogbeni Cadosso...

You don dey change mouth...

E ti fe ma da line ru lati eyin o

Let’s hope.
We are in it already. The only choice is hope.

Man is using his utterances to further damage the Naira...

Most Dull & Confused CBN Governor