MPR increase will create crisis for local business growth –NECA

By Bimbola Oyesola, bimbeechampion@yahoo.com
 
The Nigeria Employers Consultative Association (NECA) has warned the Federal Government that the recent action of the Central Bank of Nigeria (CBN) to raise the Monetary Policy Rate (MPR) by 25 basis points to 18.75%, will create crisis and further impede growth of businesses in the country.
The Director-General of NECA, Mr. Adewale-Smatt Oyerinde, in an interview with Daily Sun Workforce said the decision of the CBN’s Monetary Policy Co