PDP demands immediate resignation of CBN Gov over poor monetary  policies

.You forgot we inherited Emefiele from you, APC tackles PDP

Obiora Ifoh, Abuja

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.

When contacted for his reaction, Senator John James Akpanudoedehe who is the scribe of the APC however denied indicting the Central Bank Governor as claimed by the spokesperson of the PDP.

He said:” They should look for something else to say. I never indicted the CBN Governor. I only talked about certain monetary policies that Nigerians have generally expressed strong reservations about implementation.

“Have they forgotten so soon that we inherited the CBN Governor from them?  If he was good and competent to manage the apex bank under PDP what makes him a liability to the present administration.?” James Akpanudoedehe