The failed N10 trillion intervention funds and the N27 trillion ways and means (W&M) are partly responsible for the high inflation rate Nigeria is battling with, Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has said. Cardoso stated this yesterday in Lagos at the BusinessDay CEO Forum. With reining in inflation as the focus, Cardoso said the professionalism and independence-mindedness of the Monetary Policy Committee (MPC) members are helping with the appropriate tools to tame inflation. “Interest rate is not set by the governor of the Central Bank. The interest rate is set by the members of the
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