Emiefele’s Policy of Worsening the Nigerian Economy, by Mohammed Salihu Danlami
Emiefele is a double-edged sword, one with the government, and the other with a presidential ambition. With a history of events and recent policies that have plunged the country into further economic collapse that has brought Africa to its knees, this is Nigeria.
I will explain one by one to expose how the governor of the Central Bank of Nigeria CBN has been all this time. With the same goal; Nigerian presidential ambitions.
Mr. Godwin Emiefele has played a pivotal role in the collapse of the Nigerian economy since his appointment as the Chief Minister and before his arrival the CBN was said to be one of the fastest growing economies in the world. A small country with a weak economy in Africa, you will agree with me that before Mr. Emiefele took over the bank, the Naira, which is our currency exchange, had 1 dollar for ₦ 170 but today , we do not need to be informed that it has caused serious damage. What is even more tragic is the fact that the naira is now competing with the Ceta CFA, which previously traded 1000CFA for ₦ 365, all as a result of incompetence in managing the greedy CBN. Corruption and lack of good policy, Mr. Emiefele’s failure exceeded expectations, and yet the government turned a deaf ear to calls for the President not to re-appoint him for a second term. two, today, the fear of many Nigerians is reflected in the rapid collapse of the Nigerian economy, the reasons for the daily rise in prices.
Mr. Adamu’s statement that the Naira has depreciated because of the COVID19 epidemic is ridiculous. she said, thanking Mr. Emiefele.
All the plans of the CBN Central Bank Mr. Emiefele and his greedy business partners and politicians have gone to great lengths to expand their pockets to harm our development and the well-being of the poor. Among these offenses is how Mr. Emiefele revoked the BDC license barring members of the Federal Parliament, note one thing; these are people who are inexperienced in doing such business, always giving dollars to those people without suffering. As the President struggles to fight corruption, some who appear to be at the forefront of helping him, such as Mr. Emiefele, are criticizing him.
So it is unfortunate, that the CBN has become a new killing point for our share of some federal MPs.
The Central Bank of Nigeria (CBN) has failed to submit its Audited Account to the Office of the Auditor General (OAGF) for review, from 2010 to date, the Chairman of the House of Representatives Committee on Finance Rt. Horn. James Faleke confirms this. During a meeting with the Deputy Governor, CBN, Edward Adamu, said the central bank had also failed to send about N800 billion to the Federal Government.
He is not doing the right thing about the central bank that should be the one leading the proper investigation especially in the financial sector.
One of the biggest scams under the leadership of Mr. Emiefele is the CBN COVID-19 loan, the governor through this loan scheme was able to do more than fall to fulfill his ambition of running for the presidency which has no real purpose for this country.
It is the hope of all Nigerians that the e-naira program which will be launched on October 1, 2021 has achieved the goals of the program and has fulfilled the aspirations of Nigerians not Mr. Emiefele to squander the money of his candidate, as people Many speculate, now Nigerians understand Mr Enefiele’s tactics and are always ready to stir up trouble. Our eyes are open on this and we look.
One year ago, on July 24, 2020, the Central Bank of Nigeria (CBN) launched a series of non-intrant loan schemes under the AGSMEIS, MSMEDF, AADF and other loan schemes. The program has attracted a lot of Nigerians, with millions of them seeking to join the program through all due process. For more than a year now, nothing has been said or heard about the program from the CBN. the plan was abandoned and this is mostly because Emefiele is now splitting his mind because of what lies ahead of him for the presidency, this man is not fit to be called the CBN Governor, he should resign to face his aspirations as a whole, Nigeria and Nigerians will not be allowed to suffer for the benefit of one man.
A few days ago, the Association of State University Teachers (ASUU) threatened to go on strike over non-compliance with the terms of its agreement with the Federal Government, and the CBN was at the center of all the controversy, this week, Labor Minister Chris Ngige said. accusing the CBN under the leadership of Emefiele of failing to come up with a report that would allow the Federal Government to implement this agreement, you see here again Emefiele has acted again, playing a key role in trying to destroy our education system due to a need, he does not care not since none of his children are in school in Nigeria. It is with such evil that this man seeks to be the President of this country.
Such plans are already dead on their way and we call on Mr. Emefiele to resign from his post as Governor of the Central Bank of Nigeria (CBN) or face our wrath because we are ready to occupy his office premises in A few days from now and we will stay there until he resigns and then we will call an international press conference in his office every day to link the world to his level of incompetence and the damage he has done to us and the country.
We will never again accept incompetence and dishonesty.
Mohammed Salihu Danlami
Speaker of the Northern Youth Council