Rt. Hon. Emeka Chinedu Martins; Member Representing Ahiazu Mbaise/Ezinihitte, and the Deputy House Committee Chairman on FCT, has called for Nigeria’s economic stability to reflect in the daily lives of its citizens, stressing that the Central Bank of Nigeria’s (CBN) decision to maintain the benchmark interest rate at 27.5% must translate into tangible relief for struggling households and businesses.
Reacting to the recent monetary policy decision, Hon. Emeka Chinedu, in a statement found on his Facebook Page, noted that while efforts to stabilize the economy are commendable, inflation continues to place a heavy burden on Nigerians. He emphasized that economic policies should not be limited to fiscal measures but must be complemented by sustainable initiatives that promote local production, food security, and small business support.
“The real challenge is the rising cost of living, which affects every Nigerian. Beyond monetary policies, we need to strengthen local production, enhance food security, and support small businesses to ensure that stability is not just reflected in figures but felt in the lives of Nigerians,” Chinedu stated.
He urged all stakeholders to prioritize job creation, improved access to credit, and increased agricultural productivity as critical steps toward a resilient economy. According to him, true economic stability is built on the prosperity of the people, and policies must be tailored to bring real progress and relief to citizens.
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Hon. Chinedu reaffirmed his commitment to advocating for policies that ensure economic growth benefits all Nigerians, urging the government and financial institutions to take proactive steps in addressing the nation’s economic challenges.
