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Government to lower interest rates, says vice president

    ABIDJAN

    The government will continue to lower key interest rates in a drive to boost manufacturing and ease the country’s overdependence on oil sales Vice President Atiku Abubakar said on Thursday. AFP reported the minimum discount rate at 20 percent and quoted the Manufacturing Association of Nigeria as saying earlier this month that the high rates had driven many of its members to cut staffing levels.

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

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