Omo, good news don land for Naija as inflation don waka go down sharply! From 27.61 percent for January 2024, e don drop reach 15.10 percent for January 2026. Na serious work wey Central Bank of Nigeria (CBN) don put in place, abeg!
Dis inflation matter no be beans o! E show say the monetary policy wey CBN dey use dey pay off, as e gree help stabilize the naira and bring better confidence for investors. For this month, as we dey expect the Monetary Policy Committee (MPC) meeting wey go happen on February 23 and 24, everybody dey ginger say dem fit maintain dis good progress. E be like say the economy dey ginger small small!
According to National Bureau of Statistics (NBS), the Consumer Price Index don drop from 131.2 to 127.4, thanks to cheaper prices for tomatoes, garri, and other important food wey dey inside our pot. E no go bad if we fit chop well for this period, abi? Na this kain decline go give hope to our people wey dey hustle!
CBN don talk say dem dey focus on keeping the naira stable while dey also manage lending rates to help people borrow better. Dem dey believe say di growth wey dem dey see go help maintain price stability wey don dey shine. For October, private sector credit don rise from N72.53 trillion to N74.41 trillion – na serious improvement, if you ask me!
See as reserves don climb reach $46.8 billion, wey be d highest in eight years! Dis resilience na from better oil sales and remittances wey dey come from our brothers and sisters wey dey outside. E mean say we fit import things for about 14 months without worry! As naira don even firm up reach N1,385 to the dollar, e no easy. E be like say we dey experience better stability, unlike before.
The CBN Governor, Olayemi Cardoso, don show say investment for Naija go soon pick up, and we go dey see job creation follow. He talk say na stability first before we fit gree talk about growth. Wetin fit sweet pass na when this steady state go result to banks lending more to Naija businesses, especially those small ones wey dey find it hard to get funds!
One thing wey dey come clear be say for dis country, dem need keep dey observe wetin dey happen as we dey approach elections. E get as elections dey bring wahala sometimes, but if we keep small discipline and manage our resources well, e fit change the story for the better.
If you dey follow all these movements well, you go see say CBN get plan wey dem dey execute. E fit be say dem go still do some slight adjustment on the interest rate, but dem no go rush am. We need maintain dis momentum and hope say everything go keep dey improve steadily.
Na only time go tell how everything go play out, but for now, we go dey celebrate any small wins wey we fit get. Make we dey keep our fingers crossed!
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