Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), has raised concerns over the growing liquidity levels in the banking system from statutory revenue distributions, warning that the surge may spike inflationary pressures and trigger a tight monetary measure.

“We are also confronted with increased liquidity injections into the banking system from statutory revenue distributions, highlighting the need for tight monetary conditions to avoid renewed inflationary pressures,” Cardoso said after a May 20 committee meeting, according to

Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), has raised concerns over the growing liquidity levels in the banking system from statutory revenue distributions, warning that the surge may spike inflationary pressures and trigger a tight monetary measure.

“We are also confronted with increased liquidity injections into the banking system from statutory revenue distributions, highlighting the need for tight monetary conditions to avoid renewed inflationary pressures,” Cardoso said after a May 20 committee meeting, according to