Kayode Stephen is the managing director of Transkredit Financial Company Limited. In this interview with Ngozi Okpalakunne, he spoke on the current challenge; the factors responsible for the surge in inflation, the steps being taken by the Central Bank of Nigeria, how Nigerians can best manage their financial investments using financial services offered by the company in this moment of economic distress, among other issues. Excerpts:
What is your general perspective on the economic, and in what direction should Nigeria reset its policies?
The Nigerian economy has bedeviled with rising cost of goods and services, following the removal of petrol subsidy and the devaluation of the official exchange rate in 2023. Inflation is expected to remain on the rise albeit slowly in the first half of the year, with moderations expected in the later part of the year. Meanwhile, we anticipate a cautious approach to interest rate hikes by the CBN, in a bid to tame the rising inflation without impacting on economic growth and on the health of the financial system. I believe that tackling insecurity, food security, FX stability, industrialisation, and…
