Sack CBN Governor – Nigerians Cry Out Over Naira Devaluation

Naira has fallen against the dollar
Naira has fallen against the dollar

Naira Devaluation | The value of the Naira has fallen against the dollar, which has hurt Nigeria’s economy and inhabitants’ access to some necessities.

A worried Nigerian described Mr Godwin Emefiele, the governor of the Central Bank (CBN), as a failure whose responsibility as the heart of Nigeria’s economy has sorely let the nation down.

Alhaji Abdulkareem Mujitafa, a worried Nigerian, believes that President Muhammadu Buhari should fire Emefiele in order to revive Nigeria’s faltering economy. He is concerned about the ongoing devaluation of the naira against the dollar.

He claims that since Godwin’s appointment as the head of the central bank, nothing significant has contributed to the country’s expanding economy, only a slump and backward shift.

He claimed that as a result, Nigerians are forced to live in squalor and endure unspeakable suffering.

He was concerned that the Dollar was weakening the Naira every day and that the governor of the Central Bank of Nigeria was doing little to help.

Naira notes
Naira notes

Economist Abdulkareem slammed the latest nomination of CBN board members to the Senate for Buhari’s confirmation.

He claimed that the board is not necessary because the governor is not committed to addressing the nation’s dire economic situation.

He charged Godwin with politicising the position by engaging in political activity rather than focusing on improving the nation’s economy.

[quotation]This issue was not present when Professor Charles Soludu and Muhammadu Sanusi were in charge. The Naira is heavier than the Euro today, whereas the dollar is empty and weak.[/quotation]

The Naira is now less valuable even in certain African nations that were once looking to Nigeria for assistance, such as Cameroon, Benin Republic, Rwanda, Chad, Niger, and Burkina Faso.

One dollar can currently be exchanged for 700 Naira on the underground market. What the highest inflation rate Nigeria has ever known.

dollar note
dollar note

In his opinion, President Muhammadu Buhari should be held accountable for the problems this nation is currently experiencing.

[quotation] Sir, why are you building a posterity that will condemn you now and later? Mr President Sir, there are better Nigerians that can work far better than Godwin.”[/quotation]

Save our Naira, Abdulkareem pleaded, adding that Godwin’s dismissal should not be considered as he has repeatedly failed to prevent the Naira from falling below the value of a dollar.

Nigerians are unhappy with Godwin’s leadership style at the Central Bank of Nigeria, thus he urged Godwin to retire honourably and depart with dignity.

Abdulkareem promised to arrange a rally calling on President Buhari to fire Godwin after three weeks of this news while speaking with this medium over the phone.

He asserts that the Buhari administration has failed Nigerians in a variety of areas, including security, education, and the breakdown of the nation’s corporate existence.

[/keypoints] [quotation name=’Alhaji Abdulkareem Mujitafa’]I’m tired of the bunch of failures we have as leaders. Very soon I will organize a protest for his removal. The true need to be told for God’s and people’s sake.[/quotation]

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