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Home»Business»Presidential ambition: Why I did not take any action against CBN Governor — Buhari
Business

Presidential ambition: Why I did not take any action against CBN Governor — Buhari

The Eagle OnlineBy The Eagle OnlineJune 22, 2022No Comments
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President Muhammadu Buhari has stated the reason he did not take any action against the reported 2023 presidential ambition of the Governor of the Central Bank of Nigeria, Godwin Emefiele.

The President made his stance on the issue known for the first time in an interview he granted a news outlet, Bloomberg.

Recall that a group that claimed to be the friend of the CBN Governor had purchased the Nomination and Expression of Interest forms of the All Progressives Congress for him.

The cost of the forms was N100 million.

Emefiele at the end of the day did not campaign or officially indicate interest in the race.

Buhari, in the interview with Bloomberg, however, praised the CBN Governor for his works at the apex bank and for Nigeria.

He said: “The CBN governor is appointed by the president.

“But this appointment is subject to confirmation by the Senate.

“Ultimately, it will be for the CBN’s board of directors to determine whether the CBN governor’s actions have fallen foul of the laws in place to ensure he can most effectively carry out his duties.

“But there is a subtext to the accusations.

“Because the governor follows a model outside of the economic orthodoxy, he is labelled political.

“But the orthodoxy has proved wrong time and again.

“Instead, the governor is following an alternative economic model that puts people at the heart of policy. Nigeria should be free to choose its development model and how to construct our economy, so it functions for Nigerians.”

—

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