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Nigeria’s central bank tries to do too much and fails to meet its core responsibilities

Nigeria’s central bank tries to do too much and fails to meet its core responsibilities

Due to the Covid-19 pandemic and sharp fall in crude oil prices, economies around the world slowed down, with recessions expected almost everywhere. The year 2020 has been unprecedented. But the Central Bank of Nigeria (CBN) and invariably the federal government did not plan for any shocks in the economy.

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