The Centre for the Promotion of Private Enterprise (CPPE) has issued a warning to the Central Bank of Nigeria (CBN) regarding potential monetary tightening ahead of the upcoming Monetary Policy Committee (MPC) meeting. The CPPE expressed concerns that increasing interest rates may adversely affect economic growth, hinder private-sector investment, reduce industrial productivity, and lead to job losses. The organization emphasized the need for careful consideration of these factors in the decision-making process.
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