A foremost Nigerian economist, Mr. Henry Boyo has accused the Central Bank of Nigeria of implementing faulty monetary policies that are holding the Nigerian economy to ransom. Mr. Boyo made the remarks at the ‘Nigeria Fiscal and Monetary Crisis: The Way Out,’ which was organized by the Save Nigeria Group in order to mark the one-year anniversary of the Occupy Nigeria movement. According to him, “I’ve never seen a country where the Central Bank sells Dollars to Bureau de Change,” said Mr. Boyo… We even pride ourselves with giving agricultural loans at the rate of seven per cent, whereas in serious economies, it is as low as zero per cent.”
