Nigeria's Soludo 'pressured' on foreign reserves

The governor of the Central Bank of Nigeria, Prof. Charles Soludo, has said he is under pressure from politicians to use the central bank's foreign reserves.

Addressing the 11th Monetary Policy Forum in Abuja on Thursday, he said what the political leaders, especially governors were asking for would only exacerbate the liquidity overhang by triggering high rate of inflation and make life more difficult for Nigerians, if they have their way.

"Some of them are telling me, in a developing country