Why Nigerians Are Not Feeling The Impact Of FG, CBN Reform Policies – Analyst

Economy and Energy Expert, Kelvin Emmanuel, has advised the Federal Government to focus on “economic drivers” that will reduce the “inflation rate” in order to improve the “cost of living” for the average Nigerian.

Emmanuel gave the advice during an appearance on “Channels Television’s The Morning Brief” on Thursday.

Speaking on “The Economy Under Tinubu,” Emmanuel identified the three main drivers of the economy as “inflation, exchange rates and interest rates.”

He said he believes the inflation numbers from the NBS are “distorted” and that the CBN and MPC have “yet to react to it as expected.”

According to Emmanuel, the government’s immediate concern should be how to “bring down inflation” so that the interest rate can be reduced and the “cash reserve ratio” can be adjusted.

He noted that the cash ratio is currently at a historic high of “50 per cent,” and that the CBN is not “focusing on buffers that will reduce them.”

Emmanuel also offered advice on the management of the Nigerian National Petroleum Company Limited (NNPCL).

He stated, “The State House should leave NNPC alone to function as a business.”

He recommended that the company be privatized, with “IPOs” sold, and that the government should simply “collect your dividend and taxes.”

He added, “I will also add that the value attribution on the NLNG has to be revisited…”