Presidential aide Tope Fasua has urged a reassessment of Nigeria’s monetary policy framework, cautioning that persistent high interest rates may be stifling economic growth without effectively curbing inflation. Speaking at the Africa Emerging Markets Forum in Abuja, Fasua argued that Nigeria’s unique economic structure—characterized by a large informal sector and limited reliance on credit—renders conventional monetary tightening less effective. He highlighted that inflation in the country is primarily driven by supply-side constraints rather than excessive consumer demand, suggesting that policymakers should move beyond traditional rate-focused strategies to better support the domestic economy.