Nigeria’s Economy at a Crossroads: Rising Debts, Eased MPR, and Cost to Citizens

By Blaise Udunze Nigeria stands today at a troubling intersection where its ballooning debt profile and the 27 percent Monetary Policy Rate (MPR) collide to choke growth and deepen hardship. The Central Bank of Nigeria (CBN), in its wisdom, recently eased the benchmark rate, but at levels that remain painfully high for households and businesses.

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