Nigeria CBN reaffirms single-digit inflation target; FG offers tax credits to lure investors

Nigeria's central bank governor reiterated a commitment to single-digit inflation, signaling a hawkish stance amid persistent double-digit price growth. Concurrently, the federal government is courting investors with tax credits, a policy mix that could support naira stability and attract capital inflows. The credibility of the inflation target remains uncertain given past misses, but the dual approach suggests a coordinated effort to stabilize the economy.