What do you believe is the single most important factor driving up the cost of living in Nigeria?

This lack of transparency regarding the withdrawals may prompt further scrutiny and questions about the management of the funds and the reasons behind such significant outflows.

Last October, the CBN Governor, Olayemi Cardoso, upon assumption of office, stopped all development finance interventions, stating that the lines between monetary policy and fiscal intervention had become blurred.

Thus, he said that in refocusing the CBN to its core mandate, there was a need to pull the CBN back from direct development finance interventions into more limited advisory roles that support economic growth.

The apex bank governor had reaffirmed his position, emphasizing that Nigerians were experiencing the repercussions of excessive money supply in the economy, highlighting the N27tn Ways and Means loan and the N10.5tn interventions from the previous administration.

The CBN, under former governor, Godwin Emefiele, had delved into several intervention programmes such as the Anchor Borrowers Programme, the 100-for-100 Policy on Production and Productivity, and the Commercial Agriculture Credit Scheme Loan.

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