The last edition of Business Morning for the week focused on the inflation figure for the month of April.

The Financial Derivatives Company Limited had projected that the inflation rate would inch-up marginally to 7.9% from 7.8% in March.

Two economists from the company, Damilola Akinbami and Raphael Yemitan said that this projection was hinged on the seasonal intensity of farming activities in the second quarter of the year.

According to them, the impact of the Naira’s depreciation in the previous month, the negative growth in money supply, as well as the contractionary monetary policy of the CBN contributed to the sustained slow increase in consumer prices.

They expect the money market rates to remain unchanged in May because macroeconomic indicators such as the exchange rate, oil receipts and external reserves improved relative to the previous month.

They believe that the members of the MPC would welcome these developments and are likely to maintain the status quo at its next meeting scheduled for next week.

The Managing Director and Chief Inspiration Officer of PPLD International, Mr Tunde Makun was also on the programme.

He talked about the ability of Nigeria to optimize its human capital potential for maximum economic benefits.