By NAN 22 March 2022 | 9:06 am The Central Bank of Nigeria (CBN) has projected that the Nigerian economy will grow by 3.24 per cent in 2022, in spite of rising inflationary challenges occasioned by global socio-economic events. Governor, Central Bank of Nigeria (CBN), Godwin Emefiele. Photo: IKENGACHRONICLES The Central Bank of Nigeria (CBN) has projected that the Nigerian economy will grow by 3.24 per cent in 2022, in spite of rising inflationary challenges occasioned by global socio-economic events. Mr Godwin Emefiele, the CBN Governor, made this known on Monday while presenting a communique from the apex bank’s Monetary Policy Committee (MPC) meeting. He said the International Monetary Fund (IMF) also projected the economy to grow at 2.7 per cent, while the Federal Government projected a 4.21 per cent growth. Emefiele, however, said the MPC was concerned about the impact the global increase in petroleum and other products was having on the Nigerian economy. “The committee further noted that this has resulted to inflation, and believes that specific actions need to be taken to ensure that this trend does not continue,” he said. He urged the Nigerian National Petroleum Corporation (NNPC) to take urgent steps to ensure an adequate supply of petroleum products. The CBN Governor condemned the rate of oil theft recorded in recent times, which had a debilitating impact on government revenue. He assured that the proposed take-off of the Dangote Refinery within the year would help to improve the supply of petroleum products across the country. Latest 21 mins ago The Association of Professional Bodies of Nigeria (APBN) will hold its 2022 presidential retreat in Uyo, the Akwa Ibom State capital. According to a press statement signed by the APBN President, Mr Akinloye Oyegbola, the two-day retreat commences Thursday, March 24, 2022, and will attract professionals all over the country. According to Oyegbola, professionals have… 31 mins ago The Central Bank of Nigeria (CBN) says it has disbursed over N1.3 trillion to support the provision of power supply to Nigerians in the last five years. 42 mins ago Love some dessert? Try making some ice cream cake. Here’s all you need to make this sweet goodness: Ingredients Baked chocolate cake Vanilla Powdered sugar Whipping cream Ice Cream Oreos Recipe Line your cake pan with plastic wrap and place the cake onto it. Make sure to leave some extra at the sides for easy… 42 mins ago The People’s Democratic Party (PDP) in has commended the High Court sacking of 20 lawmakers that left the party recently. 46 mins ago Louvain, Belgium – Chimamanda Ngozi Adichie will receive an honorary doctorate degree from the Catholic University of Louvain on April 28th, 2022.
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