Organised Private Sector, Analysts Hail ‘Cautious’ MPR Reduction, Urge FG to De-risk Business Climate

• Lament high interest rate can’t grow economy, call for productivity-led growth

James Emejo in Abuja, Nume Ekeghe and Dike Onwuamaeze in Lagos

Members of Organised Private Sector (OPS) and some analysts, yesterday, welcomed the 50-basis-point reduction in Monetary Policy Rate (MPR) by Central Bank of Nigeria (CBN) after a long tightening campaign to rein in inflation.