The Peoples Democratic Party (PDP) has called for the immediate sack of the Governor of the Central Bank of Nigeria, Godwin Emefiele, for the failure of the country’s monetary and fiscal policies.
Addressing journalists on Thursday in Abuja, the party through its National Publicity Secretary, Kola Ologbondiyan, said that the CBN Governor and the All Progressives Congress (APC) administration have shown the lack of capacity to effectively manage the country’s economy, adding that the only way out is for Emefiele to resign his position as apex bank boss.
He said: “The tenure of Emefiele as CBN governor under the APC administration has witnessed colossal failures of monetary and fiscal policies, requiring him to vacate the office and hand himself over for investigation.”
He said when Emefiele took office as CBN governor in 2014 the naira exchanged for N164 to a dollar, adding that currency has continued to tumble since then.
“Today, in the hands of Emefiele and the APC, the naira has tumbled to near N600 to a dollar, putting the nation’s economy on its knees,” he said.
He added, “Painfully, under the leadership of Emefiele, the CBN has failed in its core mandate of managing the economy and took a dive into propaganda, with claims that do not reflect the harsh economic reality on the ground.”
