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Doing Business in Nigeria | Academic Journal of Economic Studies : Several efforts by Central Bank of Nigeria, (CBN) to provide explanation to the puzzle behind the high cost of doing business in the country proved abortive. The attempts to defend its position by stressing that it’s unfair to blame the high cost of doing business on the interest channel of monetary transmission mechanism, stressing that interest rate is a combination of components which reflects the cost of capital as well as th
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