Unable to hold its first meeting for the year last January, the next meeting of the CBN committee in charge of monetary policy was supposed to hold on either March 19 or 20.
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He said, “There is no question at all about the tariff increase, however, the government was not going to implement it now but was working towards cleaning the electricity value chain.”
“If we remain resolute with our efforts, policies and actions, we can attain a foreign exchange (forex) reserves position of about $40 billion by end 2018.”
“We are at the moment dealing with the constraints in distribution, with two notable policy interventions. This will break the distribution gridlock and there is good cause to believe that we will achieve the 10,000MW envisaged in the ERGP.”
