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No Power, No Prosperity: Dangote Tackles CBN Over New Interest Rate [Video]

  • Aliko Dangote, has criticised the Central Bank of Nigeria (CBN) for the latest hike in interest rates
  • This came after the CBN’s Monetary Policy Committee voted to raise the MPR for the third time in a row in May
  • He also urged the government to protect the country’s established businesses, especially the manufacturing sector

Legit.ng journalist Zainab Iwayemi has over 3-year-experience covering the Economy, Technology, and Capital Market.

Aliko Dangote, the chairman and CEO of the Dangote Group, has criticised the Central Bank of Nigeria (CBN) for its most recent interest rate increase, which brought it to nearly 30%.

Dangote urged the government to safeguard already-existing companies in the nation. Photo Credit: Dangote, FGSource: UGC

Dangote said businesses could not keep up with the present rate while addressing the audience on Tuesday at the banquet hall of the State House in Abuja, during the opening session of a three-day summit …

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