Buhari may force cbn reduce lending rate el rufai

It seems like you're referring to a news article or a statement made by someone. To clarify, the article or statement is suggesting that President Muhammadu Buhari may pressure the Central Bank of Nigeria (CBN) to reduce the lending rate, and Governor Nasir El-Rufai of Kaduna State is somehow involved in this matter.

To provide more context, the lending rate, also known as the monetary policy rate, is the interest rate at which commercial banks lend money to each other. The CBN sets this rate to influence the overall direction of the economy. A reduction in the lending rate can make borrowing cheaper, which can stimulate economic growth.

It's possible that President Buhari may be considering reducing the lending rate to boost economic activity, particularly in the face of the ongoing economic challenges in Nigeria. Governor El-Rufai, as a key economic advisor to the President, may be involved in discussions with the CBN to achieve this goal.

However, it's essential to note that the CBN is an independent institution responsible for setting monetary policy, and any changes to the lending rate would require careful consideration of the potential impact on the economy. The CBN would need to weigh the benefits of reducing the lending rate against the potential risks of inflation, currency devaluation, and other macroeconomic factors.

If you have any specific questions or would like more information on this topic, please feel free to ask!