*Godwin Emefiele, Governor of Central Bank of Nigeria, says the Bank鈥檚 Monetary Policy Committee was concerned about the impact the global increase in petroleum and other products was having on the country鈥檚 economy

Isola Moses | 绿帽献妻

The Central Bank of Nigeria (CBN) has projected that the Nigerian economy will grow by 3.24 percent in 2022, despite the inflationary challenges occasioned by global socio-economic events.

绿帽献妻 reports Mr. Godwin Emefiele, Governor of CBN, stated this 聽Monday, March 21, 2022, while presenting a communique after the Bankers鈥� Bank Monetary Policy Committee (MPC) meeting.

Emefiele said that the International Monetary Fund (IMF) also had projected the economy to grow at 2.7 percent, while the Federal Government projected a 4.21 percent growth.

He, however, noted the MPC was concerned about the impact the global increase in petroleum and other products was having on the Nigerian economy.

Emefiele also said: 鈥淭he committee further noted that this has resulted to inflation, and believes that specific actions need to be taken to ensure that this trend does not continue.鈥� The CBN Chief, therefore, urged the Nigerian National Petroleum Corporation (NNPC) Limited to accelerate measures towards ensuring adequate supply of petroleum products to consumers.

He as well frowned on the rate of oil theft recorded in recent times, which he noted had had a debilitating impact on the Nigerian Government鈥檚 revenue.

The proposed take off of the Dangote Refinery within the year would help to improve the supply of petroleum products across the country, said he.