The Nigerian government has put in place a series of measures to reinvigorate its activities and to promote economic recovery. Thus, the Central Bank decided to maintain its main policy rate. Members of the Monetary Policy Committee of the Central Bank of Nigeria voted to maintain the institution's various rates. In a press release published on Tuesday, May 25, Godwin Emefiele, Governor of the Bank, indicated that the Bank had taken the decision to keep its main policy rate at 11.5% for the fifth consecutive time since its reduction in September 2020.

This decision is justified by the institution's determination to support economic recovery after quite encouraging results in recent months. “The committee remains fully committed to supporting the federal government's efforts to ensure the full restoration of the productive capacity of the Nigerian economy,” Godwin Emefiele said. The Bank also announced that it intended to maintain consistency for other funding parameters. Thus, the cash reserve ratio was therefore maintained at 27.5%, and the liquidity ratio remained at 30%