News
Peter Obi takes stand on CBN Governor, Emefiele’s ordeal
The Labour Party Presidential candidate, Peter Obi on Monday said replacing the Central Bank of Nigeria’s Governor Godwin Emefiele will not address the level of fiscal rascality fueling inflation and other economic woes.
He made this disclosure while speaking at the Chatham House in London.
He stated that Nigeria’s exchange rate challenge will not go away if Emefiele is removed.
Peter Obi has backed Emefiele amid rising inflation, chaotic foreign exchange regime, high interest rate, among other glaring economic challenges.
“People are talking about the Central Bank Governor, first let me assure you that the CBN governor will maintain his independence, he will be respected.
“Again, it is not the problem of the person there. CBN has a role in monetary policy. Then, you have the fiscal ecosystem. It’s like you go to a football match and the person who is supposed to be playing a particular wing is no longer there.
“Replacing Godwin Emefiele and putting somebody else there, with that level of fiscal rascality, which is what is fuelling our inflation and our rate of exchange today… these are some of the things we need to cut”.
Track News reported that Emefiele resumed office after annual leave, a statement signed by the apex bank Director of Corporate Communications, Osita Nwanisobi stated.
Meanwhile, Nigeria’s Secret Service, DSS denied a report of an alleged invasion of Emefiele’s office upon his resumption on Monday in a statement signed by its spokesperson, Peter Afunanya.
Controversies have continued to surround the alleged imbroglio between Emefiele and DSS
-
News17 hours ago
Alleged defamation: Gani Adams replies Sanwo-Olu’s CoS, Ayinde Igboho
-
News22 hours ago
Elon Musk announces X will provide Premium, Premium+ subscription for free
-
News19 hours ago
MOSES AKANDA: Bayesa Govt Assures YeneZue-Epie of Justice
-
Politics18 hours ago
Gov. Diri Tasks New SSG On Performance
-
News5 days ago
287 abducted Kaduna school children regain freedom
-
Politics4 days ago
Gov. Diri Inspects Nembe-Brass Road, Says Development Cannot Be Arrested By High Cost Of Construction Materials
-
Breaking News4 days ago
EXCLUSIVE: Detained Binance executive escapes from custody in Nigeria
-
News4 days ago
Lagos Lawyer Omirhobo Slams Delta Gov Over Escalation Of Okuama/Okoloba Crisis