Experts have expressed mixed reactions to the Central Bank of Nigeria's decision to reduce the Monetary Policy Rate from 26.5 per cent to 23 per cent. The Nigeria Democratic Congress vice-presidential candidate, Rabiu Kwankwaso, stated that a government led by Peter Obi would reintroduce fuel subsidy through a different approach. The Nigerian Midstream and Downstream Petroleum Regulatory Authority unveiled proposed regulations to curb monopoly and anti-competitive practices in the petroleum sector. The Monetary Policy Committee's decision to cut the benchmark interest rate by 3.5 per cent to 23 per cent has generated diverse opinions.
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