Some stakeholders in the Nigerian economy have said that monetary policy managers must avoid partisan politics at all costs.
following the suspension of the former governor of CBN, Godwin Emefiele, by President Bola Tinubu on Friday.
In the build-up to the 2023 presidential elections, the All Progressives Congress Presidential Expression of Interest and Nomination forms were reportedly obtained for him by farmers and friends. Campaign posters indicating Emefiele might run for Nigeria’s presidency were also spotted in several cities across the country. The move had been criticised even as former president, Muhammadu Buhari, was called on to remove him from office.
Speaking on Emefiele’s suspension, Professor of capital market at the Nasarawa State University, Uche Uwaleke, said that it marked the end of a turbulent era. While pointing out that Emefelie, to a large extent, succeeded in ensuring financial sector stability going by the prudential ratios.
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