{"id":39707,"date":"2021-03-24T18:22:04","date_gmt":"2021-03-24T18:22:04","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/?p=39707"},"modified":"2021-03-24T16:48:18","modified_gmt":"2021-03-24T16:48:18","slug":"insecurity-worsens-nigerias-inflation-cbn-boss-emefiele","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/insecurity-worsens-nigerias-inflation-cbn-boss-emefiele","title":{"rendered":"Insecurity worsens Nigeria\u2019s inflation \u2013 CBN boss, Emefiele"},"content":{"rendered":"

Africa-Press<\/a> – Nigeria<\/a>. <\/strong><\/span>Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN), has said that the country\u2019s rising inflation was due to insecurity.<\/p>\n

He made the remark on Tuesday while presenting the communique from the Monetary Policy Committee (MPC) meeting.<\/p>\n

The decline in purchasing power has increased for the 18th consecutive month and the CBN chief blamed unsafe food-producing areas.<\/p>\n

The inflation continued on an upward to 17.33 percent at the end of February 2021 from 16.47 percent in January 2021, according to Emefiele.<\/p>\n

The governor said while the bank was making significant intervention in the agricultural sector, insecurity was limiting supply to the market.<\/p>\n

Emefiele urged stakeholders to collaborate with the federal government to tackle the challenge.<\/p>\n

He also attributed the hike in petrol pump price, electricity tariff, and Naira depreciation to inflation.<\/p>\n

Emefiele assured that the CBN would continue to use its interventions to boost food security in the country.<\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Nigeria. Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN), has said that the country\u2019s rising inflation was due to insecurity. He made the remark on Tuesday while presenting the communique from the Monetary Policy Committee (MPC) meeting. The decline in purchasing power has increased for the 18th consecutive month and the […]<\/p>\n","protected":false},"author":84,"featured_media":39706,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15,28,26],"tags":[1570,2140,503,653,363,254],"class_list":["post-39707","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-nigeria-2","tag-cbn","tag-emefiele","tag-insecurity","tag-nigeria"],"yoast_head":"\nInsecurity worsens Nigeria\u2019s inflation \u2013 CBN boss, Emefiele - Nigeria<\/title>\n<meta name=\"description\" content=\"Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN), has said that the country\u2019s rising inflation was due to ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/economy\/insecurity-worsens-nigerias-inflation-cbn-boss-emefiele\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Insecurity worsens Nigeria\u2019s inflation \u2013 CBN boss, Emefiele\" \/>\n<meta property=\"og:description\" content=\"Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN), has said that the country\u2019s rising inflation was due to ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/economy\/insecurity-worsens-nigerias-inflation-cbn-boss-emefiele\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-24T18:22:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2021\/03\/img-605b6d2e8fe06.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"870\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/insecurity-worsens-nigerias-inflation-cbn-boss-emefiele#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/insecurity-worsens-nigerias-inflation-cbn-boss-emefiele\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Insecurity worsens Nigeria\u2019s inflation \u2013 CBN boss, Emefiele\",\"datePublished\":\"2021-03-24T18:22:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/insecurity-worsens-nigerias-inflation-cbn-boss-emefiele\"},\"wordCount\":158,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/insecurity-worsens-nigerias-inflation-cbn-boss-emefiele#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2021\/03\/img-605b6d2e8fe06.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Nigeria\",\"CBN\",\"Emefiele\",\"insecurity\",\"Nigeria\"],\"articleSection\":[\"all news\",\"Economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/insecurity-worsens-nigerias-inflation-cbn-boss-emefiele#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/insecurity-worsens-nigerias-inflation-cbn-boss-emefiele\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/insecurity-worsens-nigerias-inflation-cbn-boss-emefiele\",\"name\":\"Insecurity worsens Nigeria\u2019s inflation \u2013 CBN boss, Emefiele - 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