The Centre for the Promotion of Public Enterprise (CPPE) has called on the Central Bank of Nigeria (CBN) to expedite the window of development finance for businesses to mitigate the effect of the high monetary policy rate in the country.
He noted that businesses need the single-digit interest rate to drive the Nigerian economy.
Dr Muda Yusuf, Director-General of the CPPE, shared this insight in an interview with CNBC Africa on Wednesday.