Okwe Obi, Abuja
Economic experts under the auspices of Coalition of Civil Society Groups (CCSG), on Wednesday, implored the Central Bank of Nigeria (CBN) to sustain recent drop of inflation rate which according to them, was a result of the increase in classifications of individual consumptions.
CCSG President, Bassey Etuk, who stated this at the 4th conference of All Nigeria Civil Society Economic, in Abuja, commended management of the Apex Bank on the fiscal policy.
Etuk also challenged the Federal Government to improve fiscal spending so as to ensure more stability of the economy.
According to him, “These economic policies introduced by the (CBN) has been of great importance to the country as our people are feeling relieved.
“We also wish to encourage the federal government through the CBN to deepen the new economic growth model that will help sustainability of the new economic policies that will encourage participation by relevant stakeholders.
“And Sustenance of the improved economic indices, rising investment in agriculture and infrastructure as it will sustain the country as we are out of recession.
“This we observed was as a result of FX window introduced by CBN which now produces higher turnover that has improved the confidence on the investors,” it stated.
Speaking further, a committee member, Bar. Yemi Akanni explained that the conference recommended that the federal government should sustain the increase of the country’s external reserves, saying the increase recorded in raw materials, solid materials and capital importation should be sustained to ensure the economic growth continues.