Nigeria, Oct. 14 -- Olayemi Cardoso, the governor of the Central Bank of Nigeria, on Wednesday, restated the commitment of the apex bank to achieving a single-digit inflation target.

Mr Cardoso spoke on the sidelines of the World Bank/IMF meetings in Bangkok, Thailand.

"The reason why we felt it was important to give ourselves this (Single-digit) as a target is to recognise the fact that inflation is probably the biggest threat to the poor, and so it is critical that we bring it down to levels that are more manageable, rather than the situation where you feel 'okay, you're lower double digits, and it's okay'. It isn't okay," the governor said.

"I mean, in this instance, inflation has gone from you know about 34, 35 percent to about to ...