Having made this point, I have to concede that there are not many people who would advocate that interest rates should literally be kept permanently fixed. But there is a more subtle version of this viewpoint which is much more widely held: that is the view that policy should always aim to keep interest rates as stable as possible.
We strongly believe that the ultimate beneficiaries of this policy shift would be the Nigerian economy - the ordinary men and women who can put their deposits in the banks and have a restful sleep; the entrepreneurial Nigerians who can now have stronger financial system to finance their businesses; and Nigerian economy which will benefit from internationally connected and competitive banks that would also mobilize international capital for Nigerian development.