CBN discloses how 2019 elections will affect Nigeria’s Economy

The Deputy Governor of the Central Bank of Nigeria, CBN, Aishah Ahmad, says 2019 elections may affect Nigeria economy, she urged those in authority to pass the 2018 budget, because it will boost the economy.

She said, “The anticipated huge fiscal spending for the proposed 2018 budget and preparations ahead of the 2019 elections may also have inflationary effects

“This in itself would obviously call for a proactive and cautious monetary policy response to ensure there is no upward pressure on inflation. Thus, I would encourage quick passage of the 2018 appropriation bill by the national assembly, to keep fiscal policy on track, boost investment, employment and economic output for the benefit of the citizenry.

“It is my opinion that monetary policy considerations at this time should prioritize reduction in the general price level, exchange rate stability, and sustaining the fragile economic growth.

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