Emefiele Should Resign Now over economic woes-PDP

The Peoples Democratic Party has demanded the resignation of the Governor of the Central Bank, Godwin Emefiele, over Nigeria’s growing economic woes.

This was contained in a statement titled, ‘Economy in Shambles: PDP Asks CBN Governor, Godwin Emefiele To Resign’, signed by the party’s National Publicity Secretary, Kola Ologbondiyan, in Abuja, on Tuesday.

He noted that the party had extensively reviewed the poor state of the Nigerian economy over the last five years, and come to the conclusion that it would be best for the country for the CBN governor, “to step aside and allow the more competent and less partisan hand to manage the affairs of our apex bank so as to rescue our economy from going comatose.”

According to him, the PDP was constrained to make this demand given the inability of the President, Major General Muhammadu Buhari (retd.), to be decisive on matters of state.

Ologbondiyan further said, “Our position is further predicated on the fact that a CBN Governor ought to have the competence and courage to offer and implement sound economic policies and check financial excesses, particularly in a situation where the President is not demonstrating a capacity to effectively run a national economy or check corruption and financial recklessness as being witnessed in our country under President Buhari.

The PDP statement also read, “The PDP also finds it shocking and very disappointing that the CBN abandoned its statutory roles to engage in vindictive clampdown on accounts of private businessmen and had refused to lift such clampdown despite the ruling of the court of competent jurisdiction in that regard.

“It equally scandalous that the CBN is also engaging punitive freezing of bank accounts of Nigerians for participating in the genuine and peaceful EndSARS protests, at a time it should be galvanizing efforts for solutions to the myriads of economic challenges facing our nation presently.”

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