Home News Senate Summons Emefiele as Dollar Hits N700
News

Senate Summons Emefiele as Dollar Hits N700

Share
Share

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.

ATTENTION: Click HERE to join our WhatsApp group and receive News updates directly on your WhatsApp!

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.”

Share
Written by
Tare Magbei -

With more than five years of covering different topics, Tare Magbei is a versatile journalist.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles
Akwa-Ibom Gov-elect, Umo Eno in Certificate Forgery Saga
News

Akwa Ibom Governor Denies Ritual Sacrifice Allegations, Blames Detractors

Akwa Ibom State Governor, Umo Eno, has denied allegations of ritual sacrifice...

News

Tantita Security Services Reaffirms Commitment to Peace, Devt in Niger Delta

Tantita Security Services Nigeria Limited has reaffirmed its commitment to promoting peace...

Jigawa Flood, Most Disastrous in History– Victims
News

Niger State Devastated by Flash Floods, Death Toll Hits 115

Flash floods in Niger State, Nigeria, have killed at least 115 people,...

News

Boko Haram’s Top Commander Killed in Military Operation

Nigerian troops have killed a high-ranking Boko Haram commander, Amir Abu Fatima,...

5win
RocketplayRocketplay casinoCasibom GirişJojobet GirişCasibom Giriş GüncelCasibom Giriş AdresiCandySpinzDafabet AppJeetwinRedbet SverigeViggoslotsCrazyBuzzer casinoCasibomJettbetKmsauto DownloadKmspico ActivatorSweet BonanzaCrazy TimeCrazy Time AppPlinko AppSugar rush