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Emefiele’s Monetary Policies Under Buhari Have Been Political-Ezekwesili




Former Minister of Education, Oby Ezekwesili, has stated that the governor of the Central Bank of Nigeria (CBN), Godwin Emefiele handed over the control of the apex bank to President Muhammadu Buhari as soon as he assumed office.

Ezekwesili, also alleged that the monetary policies of Emefiele in the last seven years have been “political”.

The comment follows viral reports that Emefiele picked the All Progressives Congress (APC) N100m presidential nomination and expression of interest form on Friday, May 6.

Reacting to the move by Emefiele in a series of tweets via her handle on Friday, Ezekwesili said the wrong monetary policies since Buhari assumed office in 2015 were testament that the bank had handed over its independence to the President.

Also, she alleged that the hidden politics behind the wrong monetary policies and alleged control of the CBN by Buhari led to Emefiele’s open partisan politics.

She wrote, “If you did not know all along that Nigeria’s serial wrong and ill-advised Monetary Policies of the last 7 years were political because the @cenbank long handed its independence to the Villa @NGRPresident @MBuhari , at least now you know. They’ve outed themselves. Finally.”

Ezekwesili urged the CBN governor to resign from his position and pursue his “ill-fated political career”.

She tweeted, “The Governor of Central Bank of Nigeria @cenbank must now immediately tender his resignation to stop further destroying whatever little remains of the country’s monetary policy reputation. Mr Emefele should leave immediately- tonight- to pursue his ill-fated political career.”


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