The Central Bank of Nigeria (CBN) has disclosed its readiness to hold the first Monetary Policy Committee (MPC) meeting under the leadership of Mr. Olayemi Cardoso as Governor.
This is following a two-day strategic session held for members of the MPC meeting, preparatory to their first meeting.
The Acting Director, Corporate Communications Department, Mrs. Hakama Sidi Ali, who confirmed the development on Friday, January 19, 2024, disclosed that the session aimed to brainstorm and engage in an in-depth discussion about the committee’s objectives.
She revealed that the critical focus areas during the retreat included deliberations on the strategic plan to effect necessary improvements in the monetary policy transmission mechanism.
According to her, the sessions were facilitated by former MPC members, monetary policy communication specialists at the IMF, and Directors of Departments critical to the MPC process.
“The valuable insights gained from these discussions will significantly contribute towards the robustness of the forthcoming MPC meetings,” she noted.
Meanwhile, a calendar of meetings of the Monetary Policy Committee (MPC) for 2024 published on the CBN website indicates that the meetings have been scheduled for February, March, May, July, September, and November 2024.
