Nigeria, Oct. 16 -- The Central Bank of Nigeria (CBN) governor, Olayemi Cardoso, said the bank involves independent-minded external members in its monetary policy committee (MPC) to guard against groupthink and improve the quality of policy deliberations

The CBN chief said the decision reflects the bank's commitment to building a credible, independent, and transparent MPC.

Mr Cardoso said this on Thursday at the ongoing IMF/World Bank Group Annual Meetings in Bangkok, Thailand, stressing that the committee's decisions are informed by rigorous debates, diverse perspectives and integrity.

He stated that ensuring the independence of external members and encouraging open discussions among committee members are crucial to strengthening publ...