The Monetary Policy Committee (MPC) of the Central Bank of Nigeria has urged the Federal Government not to consider another round of lockdown.
CBN Governor Godwin Emefiele made this known in Abuja, on Tuesday, at the end of the first MPC meeting in 2021.
The CBN governor said the Bank will work with the fiscal authorities to revamp the economy by collaborating on policy implementation.
Emefiele also disclosed that the CBN has secured approval from President Muhammadu Buhari to restructure the Nigeria Commodity Exchange.
The CBN governor said the Bank can no longer sit back and watch unscrupulous commodity merchants hoard commodities and force the prices of commodities to be high.
According to him, the CBN owns 60 percent of the Nigeria Commodity Exchange and it will take charge of running the exchange to international standard.
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