L
LequteMan
Guest
Nigerian online business site, Nairametrics, has an article condemning Godwin Emefiele's performance and policies as the Central Bank Governor. According to the article, Emefiele is setting Nigeria on the path of Zimbabwe. Excerpts:
When you are a Central Bank Governor and you fail in all your major mandates (inflation, growth and currency management) it means you have lost credibility and probably not fit to be at the helms.
Nigeria’s CBN and its merry gang of monetary policy committee (MPC) members or academicians as we call them have managed to fail at every single mandate expected of the Central Bank.
Inflation at 12.8% is way above trend; growth is below trend at 2 percent for 2015, while the Naira exchange rate has surged to hitherto uncharted territory of N320 per dollar.
Data being gathered and analysed by Nairametrics shows that growth in Q1 2016 may also actually come in below 2 percent.
Click here to read full article
When you are a Central Bank Governor and you fail in all your major mandates (inflation, growth and currency management) it means you have lost credibility and probably not fit to be at the helms.
Nigeria’s CBN and its merry gang of monetary policy committee (MPC) members or academicians as we call them have managed to fail at every single mandate expected of the Central Bank.
Inflation at 12.8% is way above trend; growth is below trend at 2 percent for 2015, while the Naira exchange rate has surged to hitherto uncharted territory of N320 per dollar.
Data being gathered and analysed by Nairametrics shows that growth in Q1 2016 may also actually come in below 2 percent.
Click here to read full article
