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Reviving The Economy: Interest Rates Should Go Back To Single Digit -- Joseph Agbenla Pt. 1
Posted
December 9, 2016
Views
379
December 9, 2016
379
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6:15Now PlayingA former Surveyor General in Lagos State, Joseph Agbenla, is advocating an adjustment of the interest rates banks offer to borrowers to aid businesses and grow the economy that is in recession.
He wants the bank to operate a single interest digit, insisting that 25 per cent and 30 per cent interest rate was an aberration at a period like this.
"It is my opinion that the Minister of Finance should have a discussion with the Central Bank Governor to make the economy grow and get out of recession.
"How can you make people to go to the bank to borrow money and invest at a time the interest rate is 25% to 30%," he said.
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