![Interest Rates and Inflation in Nigeria [video]](https://tkcdn.tekedia.com/wp-content/uploads/2023/06/24191547/inflation-768x512.jpg "Interest Rates and Inflation in Nigeria [video]")
The Central Bank of Nigeria must pay attention to how it uses interest rates to fight inflation in Nigeria. Why? Unlike the United States, interest rate is a largely weak tool to fight inflation in Nigeria considering that our consumer credit is still at infancy.
Also, the apex bank needs to deal with the demon of Ways & Means lending because it makes no sense to mop/starve cash from companies, via interest rate hike, only to give the same cash to the government.
Source: Tekedia Mini-MBA live session today (full 90-min video in the class board)
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