LIST OF REASONS

In recent discussions surrounding economic growth and development, a recurrent theme has been the significant role that access to affordable credit plays in the sustainability and expansion of businesses. In Nigeria —a nation with a burgeoning entrepreneurial spirit and a rapidly expanding market economy—there is a growing chorus of economists arguing that increased access to credit is not only a catalyst for business expansion but also an essential tool for reducing income inequality, creating jobs, and fostering overall economic resilience. The conversation on access to credit has often centered on its critical role in empowering both individuals and enterprises to realize their long-term financial goals . For many, the absence of affordable credit lines has translated into a major roadblock in pursuing investments that could otherwise enhance productivity and drive innovation. In emerging economies around the world, traditional financial institutions have often been unable or unwill...

A low and stable inflation rate is not simply a matter of maintaining steady prices; it is a cornerstone of economic well-being and long-term growth. When inflation is kept under control, the benefits extend well beyond the mere predictability of prices, touching upon efficient resource allocation, enhanced investment climates, and improved social equity. In Nigeria, where economic fluctuations and uncertainties have often stymied progress , the pursuit of low and stable inflation is a critical objective for ensuring sustainable development and elevating the standard of living for its citizens. A primary benefit of low inflation is its ability to promote the efficient use of productive resources. In an environment where prices are volatile and unpredictable, both businesses and households are forced to divert significant time and effort into hedging against inflationary pressures. Instead of channeling resources into productive investments, companies may find themselves preoccupied wi...