Tension, as PDP demands immediate resignation of CBN’s Gov. Emefiele

Tension, as PDP demands immediate resignation of CBN's Gov. Emefiele
CBN Governor, Godwin Emefiele

There seems to be a major concern for the financial institutions across the country, as the Peoples Democratic Party (PDP) demands immediate resignation of the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele.

The party lamented that the tenure of Emefiele as CBN governor under the APC administration had witnessed colossal failures of monetary and fiscal policies, requiring him to vacate the office.

What PDP said

While addressing newsmen at the party’s secretariat in Abuja, PDP’s National Publicity Secretary, Kola Ologbondiyan, noted that it was instructive to note that when Emefiele took office as CBN Governor in 2014 the naira exchanged for N164 to a dollar.

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“Today, in the hands of Emefiele and the APC, the naira has tumbled to near N600 to a dollar, putting the nation’s economy on its knees.

“Painfully, under the leadership of Emefiele, the CBN has failed in its core mandate of managing the economy and took a dive into propaganda, with claims that do not reflect the harsh economic reality on the ground,” he added.

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