2.1 C
Sunday, April 21, 2024

Economy won’t improve even if you sack CBN Governor, Emefiele – Peter Obi

Must read

The Labour Party Presidential candidate, Peter Obi on Monday said sacking the Central Bank of Nigeria’s Governor Godwin Emefiele will not resolve the issue of fiscal rascality complicating 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 supporter Emefiele’s continued stay in office despite the country’s rising inflation, chaotic foreign exchange regime, high interest rate, among othereconomic 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”.

- Advertisement -spot_img

Latest article