Peter Obi Speaks On Foreign Exchange Rate, Replacing CBN Governor Emefiele

Peter Obi has spoken about replacing CBN Governor Emefiele and the current foreign exchange rate.

Newsone reports that the Labour Party Presidential candidate, Peter Obi says replacing the Central Bank of Nigeria’s Governor Godwin Emefiele will not address the level of fiscal rascality fueling inflation and other economic woes.

This online news platform understands that Obi made this comment about CBN Governor Emefiele while speaking at the Chatham House in London, United Kingdom on Monday, January 16, 2023.

The former Anambra Governor stressed that Nigeria’s exchange rate challenge will not go away if Emefiele is removed.

Peter Obi backed CBN Governor Emefiele amid rising inflation, chaotic foreign exchange regime, high interest rate, among other glaring economic challenges.

“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.

“Replacing Godwin Emefiele and putting somebody else there, with that level of fiscal rascality, which is what is fuelling our inflation and our rate of exchange today… these are some of the things we need to cut”.

CBN Governor Emefiele resumed office after annual leave, a statement signed by the apex bank Director of Corporate Communications, Osita Nwanisobi stated.

Meanwhile, Meanwhile, Newsone Nigeria reports that Nigeria’s Secret Service, DSS denied a report of an alleged invasion of Emefiele’s office upon his resumption on Monday in a statement signed by its spokesperson, Peter Afunanya. Controversies have continued to surround the alleged imbroglio between Emefiele and DSS.