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Bright Prospect For Next Week MPC Meeting As Senate Set To Confirm Members
  • Post by Admin on sunday, March 05, 2015

Following the motion on Tuesday March 13, 2018, by the chairman senate committee on Banking, Insurance and other Financial Institutions, Senator Rafiu Ibrahim, on the need for the lawmakers to lift the embargo on confirmation of appointments by President Muhammandu Buhari, the senate are set to approve the nominees for the positions of deputy governors of Central Bank of Nigeria and members of the Monetary Policy Committee (MPC).

According to the law, the MPC cannot seat except at least 6 of the 12 committee members are available. With this development, there is likelihood that the next MPC meeting slated for March 19-20, next week may hold barring any changes, if the members are confirmed this week.

Ibrahim said the non-confirmation of the deputy governors of the CBN and members of the MPC was negatively affecting the economy, especially foreign investments. The lawmakers unanimously granted the prayer.

Photo Caption: Senate President Senator Bukola Saraki

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