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HomeNewsEconomyCBN Interest Rate: Peter Obi's worries have been confirmed by Dangote's outcry

CBN Interest Rate: Peter Obi’s worries have been confirmed by Dangote’s outcry

Former Labour Party (LP) presidential candidate Peter Obi claimed that billionaire businessman Aliko Dangote’s latest outburst validated his earlier worries about the detrimental impacts of the Federal Government’s monetary policy.

Recall that Dangote had denounced the recent interest rate hike, which has now reached around thirty percent, by the Central Bank of Nigeria (CBN).

He maintained that growth cannot occur with a thirty percent interest rate.

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Speaking out on the issue, Obi stated that the ugly trend in the nation needs to be immediately reversed.

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On Thursday, he made this statement on his X Twitter.

The incident, according to the former governor of Anambra State, would impede Nigeria’s progress.

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