The Presidential candidate of the Labour Party (LP), Peter Obi, has condemned the plan to arrest and remove the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele.
Speaking at the Chatham House in London on Monday, Obi opined that the challenges facing the country’s exchange rate will not go away if Emefiele is removed as the apex bank chief.
Obi also backed Emefiele amid rising inflation, a chaotic foreign exchange regime, high-interest rate, among other glaring economic challenges.
The former Anambra governor urged the CBN governor to maintain his independence and respect, adding that replacing Emefiele will not solve the monetary policy issue.
The LP flagbearer added that replacing the apex chief will not address the level of fiscal rascality fueling inflation and other economic woes.
He said: “People are talking about the Central Bank Governor, first let me assure you that the CBN governor will maintain his independence, he will be respected.
“Again, it is not the problem of the person there. CBN has a role in monetary policy. Then, you have the fiscal ecosystem. It’s like you go to a football match and the person who is supposed to be playing a particular wing is no longer there.
, Peter Obi, has condemned the plan to arrest and remove the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele.){kind=link}