CBN and DEREGULATION

“Briefing the press on the outcome of the 66th Monetary Policy Committee (MPC) meeting in Abuja yesterday, the CBN governor, Mr. Lamido Sanusi, said various monetary and fiscal measures had reduced the average headline inflation to 10.4 per cent in September, lower than the 12.6 per cent in the preceding month but that this trend could be impacted upon negatively by deregulation.” By Emma Ujah, Vanguard

Sanusi is now making a lot of sense to me. It appears he and his team have given a lot of thought to several issues. The will to support and implement the policy guideline herein to stem inflation and restore investor confidence is required. Let's see the country grow with minimal socio-economic upheavals. The faith in democracy needs to grow and Sanusi has much to do about building the credibility of Yar'Adua's administration. The macro- and micro-economic failures and policy instability of 1980s and 1990s should never repeat itself, because we have learnt from history.