Aliko Dangote criticizes CBN's 30% interest rate rise, warning it hinders job creation and growth.
Aliko Dangote, president of Dangote Group, has criticized the Central Bank of Nigeria's (CBN) rise of interest rate to almost 30%. He warns that this will hinder job creation and stifle growth. Dangote, speaking at a summit organized by Manufacturers Association of Nigeria (MAN), says businesses cannot cope with the current rate, which was raised from 24.75% to 26.25% in May.
July 02, 2024
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