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LequteMan
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Following calls for his removal as Governor of the Central Bank by lawmakers, President Muhammadu Buhari has passed a vote of confidence on Godwin Emefiele, The Vanguard is saying.
A Presidency official reportedly said Buhari “is far from convinced that Emefiele is responsible for the currency crisis or the economic recession”.
“The CBN Governor briefs the President regularly on the situation, on the inflow of dollars every month and how much is being demanded by importers. The President has seen the progression and regression over the years and how the scarcity of forex is causing the sharp drop in the value of the Naira. He believes it is very unreasonable to sack Emefiele and CBN management,”
The official added that the CBN is working arduously to ensure that the economic hardship is mitigated.
“Everything you hear about agric revolution in rice is from the CBN. Kebbi alone is on track to produce one million metric tonnes this year under the CBN’s Anchor Borrowers Programme. So far, 14 states have collected huge sums for this programme to pursue other crops”, the official said.
A Presidency official reportedly said Buhari “is far from convinced that Emefiele is responsible for the currency crisis or the economic recession”.
“The CBN Governor briefs the President regularly on the situation, on the inflow of dollars every month and how much is being demanded by importers. The President has seen the progression and regression over the years and how the scarcity of forex is causing the sharp drop in the value of the Naira. He believes it is very unreasonable to sack Emefiele and CBN management,”
The official added that the CBN is working arduously to ensure that the economic hardship is mitigated.
“Everything you hear about agric revolution in rice is from the CBN. Kebbi alone is on track to produce one million metric tonnes this year under the CBN’s Anchor Borrowers Programme. So far, 14 states have collected huge sums for this programme to pursue other crops”, the official said.
