• Monetary policy alone not enough to expand economy, says Buhari

    Monetary policy alone not enough to expand economy, says Buhari

    Nigeria will need to combine monetary policies with fiscal and structural policies in order overcome its worst economic crisis in decades and return to growth, President Muhammadu Buhari said on Thursday.

    Nigeria is in the middle of its worst crisis in decades as a slump in oil revenues hammers public finances and the naira. Gross domestic product shrank in the first quarter and the Central Bank governor has said a recession is likely.

    “We fully understand that monetary policy alone is not […]