Godwin Emefiele, the governor of Central Bank
of Nigeria will on Tuesday, January 19, be answering questions from the
Senate over the continued free fall of the Naira against international
currencies.
This disclosure was made by the Senate leader, Ali Ndume on Monday in a chat with reporters.
He added that the need to summon the CBN governor for questioning became necessary in order for the red chamber to be briefed on the next line of action.
Senator Ndume said: “The CBN governor is coming tomorrow. I raised a point of order because there is the need for the National Assembly to ask questions about the skyrocketing price of dollar in the black market. The difference between the official exchange rate and that of the black market is too high. We need to ask questions so that we can report back to the common man. It has never been this bad.
READ ALSO: Naira Drops Again To N307 – USD1
“This is my personal opinion. The BDC is now a big employment avenue. If you shut it down, there will be a problem. At the same time, you should not open the windows for people to abuse the process.”
Commenting in the missing budget saga, the Senate leader reiterated his earlier stance that the 2016 budget was not missing saying that the committee on Ethics, Privileges and Public Petitions was only asked to carry out integrity checks on the two copies of the budget before the upper chamber.
“Not only that the budget was not missing, the budget cannot be missing. The budget comes in copies. The copy submitted by Mr. President cannot be missing. There are some issues that came later surrounding the budget.
“We told the Senate Committee on Ethics, Privileges and Public Petitions to find out what happened and they discovered that there were two versions. What the president submitted as a bill is still there. Nothing has changed.
The Nigerian Senate has summoned CBN governor over the free fall of Naira
He added that the need to summon the CBN governor for questioning became necessary in order for the red chamber to be briefed on the next line of action.
Senator Ndume said: “The CBN governor is coming tomorrow. I raised a point of order because there is the need for the National Assembly to ask questions about the skyrocketing price of dollar in the black market. The difference between the official exchange rate and that of the black market is too high. We need to ask questions so that we can report back to the common man. It has never been this bad.
READ ALSO: Naira Drops Again To N307 – USD1
“This is my personal opinion. The BDC is now a big employment avenue. If you shut it down, there will be a problem. At the same time, you should not open the windows for people to abuse the process.”
Commenting in the missing budget saga, the Senate leader reiterated his earlier stance that the 2016 budget was not missing saying that the committee on Ethics, Privileges and Public Petitions was only asked to carry out integrity checks on the two copies of the budget before the upper chamber.
“Not only that the budget was not missing, the budget cannot be missing. The budget comes in copies. The copy submitted by Mr. President cannot be missing. There are some issues that came later surrounding the budget.
“We told the Senate Committee on Ethics, Privileges and Public Petitions to find out what happened and they discovered that there were two versions. What the president submitted as a bill is still there. Nothing has changed.
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