Governor of Edo State, Comrade Adams Oshiomhole has condemned the recent call for the sack of the Central Bank of Nigeria (CBN) governor, Mr. Godwin Emefiele while describing those behind the call as ‘Palm wine drinkers, drunkards and faceless manipulators’ trying to sabotage the Nigerian economy.
According to Oshiomhole, the CBN has ended the nefarious career of those benefiting from an illegal capital market and other anti-growth rackets. The governor argued that those angling for the sack of Emefiele were merely invisible hands who have continued to thwart the nation’s economic resources for their selfish interest.
“The truth of the matter is that we have a new Federal Government that has won election on the basis of a mantra of change and there are all kinds of people who have made money from this economy without contributing anything, people who make money by just playing on the exchange rates and commercial papers. It is these speculators that want the CBN Governor to be sacked.”
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Oshiomhole said this in Abuja yesterday, when he paid a courtesy call on the Executive Secretary of the National Universities Commission (NUC), Prof. Julius Okogie to finalize plans on the take-off of Edo University in Iyamo.
The Edo State governor noted that the CBN governor was right in insisting on the 41 items that had been denied access to forex from the interbank forex market, adding that “people who have been feeding fat on our common patrimony, manipulating the exchange rate and moving money across boundaries are the speculators spreading the campaign for his sack.”
The governor further stated that the CBN under the current dispensation has blocked many drain pipes in the economy, by safe guarding the naira from decline.
Comrade Oshiomhole said with the challenge of running the economy undergoing a recession where there is limited inflow of foreign exchange, the government does not want to trigger a process that will lead to endless devaluation that will ultimately reduce the Nigerian naira to Zimbabwean dollar.
He noted that were it not for the quick interventions of the nation’s apex bank, the economy would have run into troubled waters with the naira getting badly hurt and urged President Muhammadu Buhari to ignore the calls.
While stressing that President Muhammadu Buhari would not be fooled by the agitators into sacking the CBN governor, Oshiomhole said the hiring and firing of the CBN governor is not a political decision because institutions such as the Central Bank are central to economic growth and development of any serious nation.