PROF Sheriffdeen Tella, an economist, has appealed to the National Assembly to ensure quick confirmation of members of the Monetary Policy Committee (MPC) nominated by President Muhammadu Buhari in October 2017. He said that early confirmation of the MPC members was necessary to enable the committee meet to consider and approve the 2018 monetary policy as well as ensure macroeconomic stability in the country. The MPC meeting scheduled for this week has been cancelled due to the non-confirmation of nominees by the Senate. He also sought the confirmation of Messrs Adeola Adenikinju, Aliyu Sanusi, Robert Asogwa and Mrs Asheikh Maidugu as members of the CBN Monetary Policy Committee. Tella described monetary policy as macroeconomic measures to complement fiscal measures for macroeconomic stability.

Source: Nigerian Tribune January 22, 2018 16:23 UTC