Group tells CBN governor to resign if he can’t fix economy
The group also urged President Muhammadu Buhari to invite people with technical knowledge to solve the crisis.
Nigeria's central bank governor Godwin Emefiele speaks during the monthly Monetary Policy Committee meeting in Abuja, Nigeria January 26, 2016.
Recommended articles
![Prof. Cyril Ndifon [Daily Post]](data:image/svg+xml;charset=utf8,%3Csvg%20xmlns%3D'http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg'%20width%3D'100'%20height%3D'100'%20data-ring-placeholder%3D'1'%3E%3C%2Fsvg%3E "Prof. Cyril Ndifon [Daily Post]")
The group also urged President Muhammadu Buhari to invite people with technical knowledge to solve the crisis.
The comments were made in a statement released on Wednesday, October 5, by NYCN President, Isah Abubakar.
The statement reads:
ADVERTISEMENT
“After watching with keen interest the present economic hardship in the country, we are saying no thanks to CBN Governor who has not been able to come up with any plan that can take us out of the wood as head of our financial body, we at NYCN while supporting the administration of President Muhammadu Buhari are saying we are not happy with his economy team hence the need to look inward for better hands.”
“We now pay as high as about N500 to a dollar. This has brought serious hunger and hardship on our people because most of what we eat are imported and are been affected by high foreign exchange. Inflation has increased from 7 percent in 2013 to 17 percent in quota 4 of 2015 and quota 3 of 2016 which bothers the CBN Governor and Finance Minister, Funke Adeosun agreed to the fact that economy is in trouble.
“Unemployment is another problem as it has soared to 24 percent at a period when millions of beverages, tobacco, banks and hospitality sector workers have been added to already saturated Labour market. Small and medium scale enterprises that were coming up are folding up as they cannot bear the exchange rate that has sky rocketed beyond their reach.
“This has show total failure of the CBN governor and he has proved his total incompetence to manage Nigeria economy. It is to this regard we demand for his resignation as the CBN governor and urged Mr President to appoint a competent hand not minding where he comes from, his ethnicity, or religion background. We only need someone with sound economics nitty-gritty who can manage our delicate economy. This is because we demand nothing but a better Nigeria.
“Failure of the CBN governor to voluntarily resign or put the economy in the right track within the 21-day of this ultimatum, NYCN will be forced to organize and mobilize mass protests in front of the CBN headquarters in Abuja.”
ADVERTISEMENT
ALSO READ: ‘
Emefiele had earlier said that the recession will be over by December 2016.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
Suspended UniCal dean seeks end to sexual harassment charge against him
Air Peace offers London-to-Lagos driver Pelumi free ticket to fly back to UK
President Tinubu declares April 7 as National Police Day
El-Rufai tells Tinubu to drop appointees who fail to deliver
Fresh crisis in Kano as NNPP passes vote of no confidence on Gov Abba Yusuf
Kano APC nullifies Ganduje's suspension, vows to punish those behind it
'We regret it' - Enenche bows to pressure, apologises to lady accused of false testimony
FG says Nigeria will lead Africa in developing and regulating AI globally
Edwin Clark wants Tinubu to send brave soldiers to Sambisa to rescue Chibok girls
Pulse Sports
Lionel Messi's son breaks the internet after scoring five goals for Inter Miami
Naija Stars Abroad: Onyedika, Boniface, and Osimhen shine across Europe
Victor Osimhen and Tobi Amusan make list of Forbes’ 30 under 30 Class of 2024
Alex Iwobi makes Premier League history which Mikel, Yakubu, Kanu could not achieve
Like Michael Jordan - Details of Victor Osimhen’s ‘superhuman’ jump against Monza emerges
ADVERTISEMENT
