2019: CBN’s lending policy must be reviewed to end poverty – ABP presidential aspirant

Presidential candidate of the All Blending Party (ABP), in the forthcoming 2019 elections, Moses Godia Shipi on Thursday said he will review the Central Bank of Nigeria’s (CBN), lending policy should he emerge the winner in the presidential election. Ship revealed that the Nigerian economy is too heavily cash-oriented in transactions of goods and services, saying that this is not in line with the global trend, considering Nigeria’s ambition to be amongst the top 20 economies of the world by the year 2020. The ABP presidential candidate who spoke in Jos the Plateau State capital during the party’s campaign flag off, said the 15 percent interest rate charged by the CBN on money borrowed is too outrageous and designed to crash the economy. “The CBN lending policy was designed to crash the economy and this explains why Nigeria is one of the poorest country in the world”. Speaking further he said his party will address poverty and the hardship brought upon the country by the present administration, adding that the ABP will declare war against poverty. “If poverty is tackled, insecurity would be a thing of the past. “The core challenges of Nigerians remains the issue of poverty, education, religion and leadership, these are issues I want to take up as president if elected in 2019. “Our party is set to bring to Nigerians ideas that work, ideas that will change the perception and misgivings of Nigerians about what their leaders should do for them and what they stand to gain”, he said. By Kingsley Chukwuka, Jos