Opinion

Can Nigeria Ever Achieve Single-Digit Lending Rates?, By ‘Tope Fasua

...it is far better – and more reasonable and feasible – to achieve a 15 percent growth of the overall economy year on year, while living with double digit interest rates and double-digit inflation. That is what we should be targeting for now. There are too many sectors of the…
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Opinion

Rationale and Solutions to High Interest Rates In Nigeria, By Toni Oki

...it is important to reiterate that Nigeria’s high interest regime reflects not only the cost of capital but also the cost of doing business in the country. Therefore, in order for Nigerians to begin to see a systematic drop in lending rates, the government must tackle the aspects of lending…
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