Free Fall of Naira: PDP Demands Resignation of Emefiele


The Peoples Democratic Party (PDP) has demanded the immediate resignation of the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele.

The PDP’s National Publicity Secretary, Kola Ologbondiyan, while addressing journalists Thursday at the party’s National Secretariat in Abuja, said the tenure of Emefiele as CBN governor under the APC administration had witnessed colossal failures of monetary and fiscal policies, requiring him to vacate the office.

Ologbondiyan said it was instructive to note that when Emefiele took office as CBN Governor in 2014 the naira exchanged for N164 to a dollar.

“Today, in the hands of Emefiele and the APC, the naira has tumbled to near N600 to a dollar, putting the nation’s economy on its knees.

“Painfully, under the leadership of Emefiele, the CBN has failed in its core mandate of managing the economy and took a dive into propaganda, with claims that do not reflect the harsh economic reality on the ground,” he added.


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