The Senate on Wednesday, summoned the governor of the Central Bank of Nigeria, Godwin Emefiele, over the depreciation of the naira.
The senators lamented that the United States dollar to naira had now risen to N700, which was a very sad omen and calls for immediate attention.
Th decision to invite the CBN governor came after a motion was raised by Olubunmi Adetunmbi, senator representing Ekiti north.
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Sani Musa, senator representing Niger east, noted that naira would appreciate only if the country become a productive one.
He said;
“Let’s eat what we have; let’s do with what we have. Naira will continue to appreciate until we start manufacturing,”
Biodun Olujimi, senator representing Ekiti south, further accused the CBN of not taking responsibility which has led to the crash of naira.
“Someone should be able to say I have failed, and that is the CBN,” Olujimi said.
“Most of what is happening is because people are taking out the dollar and selling and bringing them back in — we should be penalising somebody for what has happened to the naira-dollar rate.”
“The time has come for us to look holistically into what is happening. What is happening to the dollar is a replica of what is happening to Nigeria.”
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