June 24, 2011 7:47 PM SAST
Nigeria cbank sees further tightening: Report
Nigeria cbank sees further tightening: Report
Nigeria's new government will not be cutting public spending anytime soon, Central Bank Governor Lamido Sanusi said on Friday.

"My sense is that it will take a little while to reduce government spending," Sanusi told CNBC Africa television.
"In the next few months we will probably see spending remain at the levels we have seen in the recent past which means the monetary pressures will continue for the next three to four months," he said.
Sanusi said high global oil prices and strong money supply meant there were still inflationary risks in sub-Saharan Africa's second-biggest economy and that monetary tightening was likely to continue towards the end of the year.
To contact the editor, e-mail:
- Rare Cross River Gorilla Caught On Film, Less Than 300 Worldwide [VIDEO]
- ConocoPhillips To Sell All Of Its Nigerian Assets
- Nigeria: Boko Haram offers Peace Talks with President Goodluck Jonathan but Threatens More Violence
- Negotiating with the Devil? Real World Lessons from a Wharton Classroom
- Shell Shuts Down Nigerian Pipeline Citing Rampant Theft
- Former Louisiana Congressman William Jefferson Surrenders To Serve 13-Year Sentence
- Gunmen Kill 34 In Nigerian Cattle Market Raid


