CPPE says tackling inflation, insecurity should be priority in 2022

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With the Federal Government considering new taxes to improve its earnings, the Centre for the Promotion of Private Enterprise (CPPE) has argued that stemming inflationary trend CPPE says tackling inflation, insecurity should be priority in 2022With the Federal Government considering new taxes to improve its earnings, the Centre for the Promotion of Private Enterprise (CPPE) has argued that stemming inflationary trends, insecurity and foreign exchange challenges should be the priority for economic managers next year.

According to the CPPE, the rising cost of goods and services remains a source of concern, considering that insecurity has deprived many farmers of the opportunity to return to their farms.

The Chief Executive of the CPPE, Dr. Muda Yusuf, at the maiden press conference of centre, stated the need to minimise the monetisation of fiscal deficit, urging that the financing of the deficit by the Central Bank of Nigeria (CBN) should be strictly limited to the statutory threshold in the CBN Act.

He added that the government should seek creative ways of addressing insecurity in order to pave the way for farmers to return to their farms.

“We need to address the cost of logistics. We need to address the ease of cargo clearing at the port and also need to address climate change concerns.”

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