Browsing: Godwin Emefiele

Reacting to the call in Abuja, the Secretary General of the CNPP, Chief Willy Ezeugwu, noted that “the CBN Governor had not done anything to warrant the call for his resignation hence PDP does not enjoy the support of other opposition political parties in this call.

The body of economists, Thursday, in a press release signed by its Chairman, Malam Ahmed Abdulkadir and Secretary, Dr. Chima Eboh, linked the fate of the naira to the low receipts from sale of crude oil and the non-export status of the Nigerian economy.

MD/CEO of Heritage Bank Plc, Ifie Sekibo, gave this submission on the sidelines of the 14th Annual Banking and Finance Conference of the Chartered Institute of Bankers of Nigeria (CIBN) with a theme: ‘Economic Recovery, Inclusion & Transformation: The Role of Banking and Finance’.

But talk is always cheap. And in a democracy with its full complement of free speech, talk is even cheaper, in some cases, crass. This is the context to situate the recent poorly choreographed verbal attacks on Emefiele and the CBN. Some Nigerians have blamed him even for their personal failings. Others think he has everything to do with the sudden arrival of the coronavirus pandemic since early last year. Emefiele has been blamed for Nigeria’s dwindling economic fortunes. And you would think he and he alone has the magisterial power to determine the price of crude oil in the international market.

The president appreciates the economist/banker for his patriotic service to the country at a time of stiff economic challenges, praying that his efforts will yield positive dividends for the generality of Nigerians.

Godwin Emefiele, the CBN Governor, who has shown capacity and pluckiness managing Nigeria’s reserve bank these past years of global cum local  economic crisis, made this announcement on Tuesday, July 27 while presenting a communique from the Monetary Policy Committee (MPC) meeting. He cited unwholesome business practices of the BDCs which run contrary to the rules of engagement thus putting much strain on the naira.