By Seyi Babalola
The Central Bank of Nigeria (CBN) has held a two-day strategic session
for members of the Monetary Policy Committee (MPC) meeting, preparatory to their
first meeting under the tenure of Mr. Olayemi Cardoso as Governor, scheduled for
Monday, February 26 and Tuesday, February 27, 2024.
Confirming this in Abuja on Friday, January 19, 2024, the Acting Director, Corporate
Communications Department, Mrs. Hakama Sidi Ali, disclosed that the session
aimed to brainstorm and engage in an in-depth discussion about the committee's
objectives.
She revealed that the critical focus areas during the retreat included deliberations on
the strategic plan to effect necessary improvements in the monetary policy
transmission mechanism.
According to her, the sessions were facilitated by former MPC members, monetary
policy communication specialists at the IMF, and Directors of Departments critical to
the MPC process.
“The valuable insights gained from these discussions will significantly contribute
towards the robustness of the forthcoming MPC meetings,” she noted.
Meanwhile, a calendar of meetings of the Monetary Policy Committee (MPC) for
2024 published on the CBN website indicates that the meetings have been
scheduled for February, March, May, July, September and November 2024.
