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Inflation To Fall In 2024 — CBN Governor, Cardoso - Politics - Nairaland 21291k

Inflation To Fall In 2024 — CBN Governor, Cardoso (12186 Views)

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Paraman: 2:46pm On Jan 24, 2024
The Central Bank of Nigeria’s governor expects headline inflation to fall to 21.4 per cent in 2024.

The apex bank’s governor disclosed this during his keynote speech at the launching of the Nigerian Economic Summit Group macroeconomic outlook report for 2024.

He said, “Inflationary pressures are expected to decline in 2024 due to the CBN’s inflation-targeting policy, which aims to rein in inflation to 21.4 per cent.”

According to him, the inflation targeting will help the government in its battle against inflation which hit 28.9 per cent in December. Lower rates will ultimately affect businesses, he alluded.

“The outlook for decreasing inflation in 2024 will have a profound impact on businesses, providing a more predictable cost environment and potentially leading to lower policy rates, stimulating investment, fueling growth, and creating job opportunities,” Cardoso said.


https://punchng.com/inflation-to-fall-in-2024-cardoso/?amp

7 Likes 2 Shares

Righthussle: 2:54pm On Jan 24, 2024
Inflation dey fall for Nigeria?

36 Likes 2 Shares

saintopus(m): 2:55pm On Jan 24, 2024
Inflation to reduce? In Nigeria?

Well, let's see.

For me I no believe

21 Likes 2 Shares

crossfm: 3:14pm On Jan 24, 2024
Hehehe.

And the blind permutations continue grin cheesy.

Inflation will fall only in his imagination and paper. Oga just da whine Nigerians,he should go out of his well furnished office and see the plight of Nigerians.

These guys are really out of touch with reality.

35 Likes 4 Shares

StarRida: 3:19pm On Jan 24, 2024
Which year are we in please somebody should remind me again.....otumba lamba on the beat again

19 Likes 1 Share

slaawomirr: 3:21pm On Jan 24, 2024
Damnnn niggar

Talking Talking

16 Likes 2 Shares

Utanisco(m): 3:21pm On Jan 24, 2024
Mtcheeeeeeeeeeeeeeeeeew

17 Likes 2 Shares

adesegun121(m): 3:21pm On Jan 24, 2024
If you like, listen to social media people and don’t network and be waiting for government to do wonders in your life, ebi a pa kisa si e lara

3 Likes 1 Share

DMerciful(m): 3:21pm On Jan 24, 2024
Will, to, may, likely....this has been APC's deception.

You will never hear has, was, already, done.

Nigerians had it coming alright by not looking before they leaped into the dark in 2015

36 Likes 1 Share

Sonnobax15(m): 3:22pm On Jan 24, 2024
grin

1 Like

Slytiger: 3:22pm On Jan 24, 2024
That's common knowledge for anyone following world economics. The US, Canada, EU e.t.c have stopped raising interest rate. There will likely be cuts starting from middle of this year.

Righthussle:
Inflation dey fall for Nigeria?
That's because alot of Nigerian traders are normally greedy people.

3 Likes 1 Share

tnerro1(m): 3:22pm On Jan 24, 2024
😁😁😁😁😁😁😁😁😁☹️☹️☹️☹️😁😁😁😁😁

By borrowing dollars to stabilize the naira

13 Likes 1 Share

bdon12: 3:22pm On Jan 24, 2024
Righthussle:
Inflation dey fall for Nigeria?
U dey mind that ninja faced baga

10 Likes

chidiakwari: 3:22pm On Jan 24, 2024
Who will help Nigeria

17 Likes

eliteweb(m): 3:22pm On Jan 24, 2024
My joy is that the current economic meltdown knows no tribe or religion.

6 Likes

Badgers14: 3:23pm On Jan 24, 2024
Inflation does not fall just by releasing media statements..

Action, Action... what are they doing to bolster the economy??

Why the overdependecy in "dollar"?

I still can't understand why when someone need to pay their supplier in China, their children 's school fees or medical bills abroad.. they have to go to BDC to "buy" dollar and then come and deposit the dollar in a bank to effect the transfer?

It's not like the bank will carry the money cash to deposit to bank of England or bank of China or bank of India.. the transaction is run electronically so why can't individuals just go to their bank and conduct a Wire transfer at an official rate.. their bank deducts the money in naira from their and wire the money to the intended recipients abroad??

14 Likes

youngreezy(m): 3:23pm On Jan 24, 2024
talk talk govt

4 Likes

Namaster: 3:23pm On Jan 24, 2024
Idiot thinks ALL Nigerians are idiots.

What EXACTLY are the "inflation-targeting policies" he's referring to?

Anybody with commonsense knows this is NONSENSE.

Inflation is NOT going to fall. Even if the nominal wuruwuru calculations show a reduced inflation rate, it would be a LIE.

Basic concept of inflation is too MUCH money chasing too FEW goods.

Farmers CANNOT enter their farms to produce goods because of BANDITS. Which means fewer goods would make it to the market.

In other words, the hungry population would be left to battle for the little that do make it to the market, hence INFLATION.

FOR IMPORTED GOODS:

Too FEW dollars available for so MUCH Naira.

So importers would have to pay MORE to get their dollars which translates to HIGHER purchase prices that would be transferred to the final consumers.

Hence, INFLATION!

So WTF is Cardoso talking about?

6 Likes 1 Share

chloride6: 3:23pm On Jan 24, 2024
Sharrap…

5 Likes

fabolouz1(m): 3:23pm On Jan 24, 2024
He think he's smart .
Are we in 2023? Why not be particular about the quarter of 2024 this prediction is supposed to happen.

5 Likes

christejames(m): 3:24pm On Jan 24, 2024
Because na you hold inflation for neck at gun point na undecided undecided undecided undecided undecided

8 Likes

Civilianarmy: 3:24pm On Jan 24, 2024
Na only breasts dey fall for Nigeria grin.


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1 Like

SavageMaster: 3:24pm On Jan 24, 2024
Paraman:



https://punchng.com/inflation-to-fall-in-2024-cardoso/?amp

Summary: If your transport fare is #1,500 Naira, expect it to reach #1,800 Naira by end of the year, instead of #2,000 Naira.

Las las, prices of goods and services will still increase this year.

5 Likes

Ulogwe1: 3:25pm On Jan 24, 2024
Great news.
We no go gree for any bad news this year.

Amen to this news.

Any how it will happen, let it come to .

1 Like

GboyegaD(m): 3:25pm On Jan 24, 2024
Hmm.... inflation targeting when almost everything consumed is imported. Importation has many parts to play in our inflation and except we are targeting all those ways in which importation leads to inflation, this might end up being more talk than reality.
ogolemati: 3:25pm On Jan 24, 2024
grin grin grin grin grin a thief gave out all he had to become the king .what good news do you need if he had not recovered all he spent.last year I said dollar will hit 1500 before june.ok it will now hit 2000 before December

8 Likes

Worldlegend(m): 3:25pm On Jan 24, 2024
It will surprise you all…

Let us write your dissertations and assignment with zero plagiarism…

Check our signature…

1 Like

KingDash09(m): 3:25pm On Jan 24, 2024
Useless man

4 Likes

Creamypie(m): 3:25pm On Jan 24, 2024
From 200# ecrise to 1300# under APC, then soon, 1500# then it falls to 1450# then u want Nigerians 2 clap. Idoots

5 Likes

G00dharddick: 3:26pm On Jan 24, 2024
If Nigeria was working, this Man would have since resigned or be fired

5 Likes

tuoyoojo(m): 3:27pm On Jan 24, 2024
Citizens live on baseless promises while the leaders are living large

They said things would get better but bf u know it, it would be 2027

Then they would say they want another chance to finish the "good" work they have started

8 Likes

saddler: 3:28pm On Jan 24, 2024
Empty promises

5 Likes

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