Border Closure: Inflation To Moderate In Three Months, Says Emefiele.
The Central Bank of Nigeria Governor, Mr Godwin Emefiele has said that the rise in inflation is temporary and will go down aggressively in another three to four months.
“Inflation goes up from 11.22 to 11.61 between September and October, and mainly it’s because of the border closure. “Who are those benefitting, in as much as I don’t like the fact that prices went up momentarily from September and October, the beneficiaries are Nigerians and companies where we have seen a situation where people have jobs, farmers who produce poultry and those benefitting from import of cars legitimately.”
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