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BREAKING: Dangote kicks against CBN's interest rate hike, says it will lead to more hardship for Nigerians

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Chairman of the Dangote Group, Aliko Dangote, has criticised the hike of interest rate to almost 30 per cent by the Central Bank of Nigeria (CBN), saying it might lead to more hardship for Nigerians.

Dangote stated this while delivering the first keynote address during the Manufacturers Association of Nigeria (MAN), 2024 summit in Abuja.

In May, following a two-day meeting, CBN’s Monetary Policy Committee (MPC) agreed to increase the Monetary Policy Rate(MPR) for the third straight time from 24.75 per cent to 26. 25 per cent.

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