Peter Obi takes stand on CBN Governor, Emefiele’s ordeal


Peter Obi, the presidential candidate for the Labour Party, stated on Monday that removing Godwin Emefiele as governor of the Central Bank of Nigeria will not solve the amount of fiscal rascality driving inflation and other economic problems.


While speaking at the Chatham House in London, he disclosed this information.

He claimed that even if Emefiele is fired, Nigeria’s problem with its currency will persist.

Peter Obi has supported Emefiele despite the economy’s obvious problems, which include high-interest rates, an unstable foreign currency system, and growing inflation.

People are talking about the governor of the central bank. Let me first reassure you that he will preserve his independence and be respected.

“Once more, the individual who is there is not the issue. Monetary policy involves the CBN. The financial ecosystem comes next. It’s comparable to attending a football game only to discover that the player assigned to a specific wing is no longer participating.

“Some of the things we need to trim” include replacing Godwin Emefiele with someone else who exhibits the same level of budgetary irresponsibility that is now driving up inflation and the currency rate.

Emefiele reportedly returned to work after taking an annual break, according to a statement from the apex bank’s director of corporate communications, Osita Nwanisobi.

In a statement sent by its spokesperson, Peter Afunanya, the Nigerian Secret Service, DSS, refuted reports of an alleged invasion of Emefiele’s office upon his return on Monday.

The reported conflict between Emefiele and the DSS has remained a source of controversy.



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