As the new CBN Governor, Godwin Emefiele, resumes work on Tuesday June 3, he is expected to strike a balance between monetary tightening and employment.
The CEO, Economic Associates, Dr. Ayo Teriba, who was our guest on our business programme, Business Morning wants the CBN to stop focusing on financial variables and financial markets.
According to him, CBN should broaden its view to focus on the economy. They should focus on real economic growth, spending growth and household spending consumption
He, however, advised that before tightening liquidity, the CBN should make sure that its stance does not slow employment.
He insists that a situation where the CBN just focuses on inflation and exchange rate when unemployment level has doubled, Nigeria is the loser for it.