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palliative

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NEWS

FG seeks 18-month extension for $800m W’Bank palliative scheme

No fewer than three million poor and vulnerable households have benefitted from the $800m palliative loan disbursed by the World Bank to cushion the effect of recent government policies, such as the fuel subsidy removal. Of these beneficiaries, 700 thousand households were from rural areas and about 2.5 million households were from urban areas. The World Bank revealed this in its restructuring paper on how to bolster its social safety […]

todayJune 20, 2024 7

BUSINESS

Govt palliative worsening food inflation, says Cardoso

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has said that the huge purchase of foodstuffs by the government as palliatives is contributing to the galloping food inflation in the country. He stated this in his contributions during the March Monetary Policy Committee, which was published on the website of the CBN. The MPC increased the benchmark interest rate to 24.75 per cent, from 22.75 per cent. The […]

todayMay 3, 2024 1

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