Economic stakeholders said the country's economy suffered due to wrong policies of the suspended Governor of the Central Bank of Nigeria, Godwin Emefiele.
Economic stakeholders said the country’s economy suffered due to wrong policies of the suspended Governor of the Central Bank of Nigeria, Godwin Emefiele.
On his part, Prof Magnus Kpakol, former Chief Economic Adviser to President Olusegun Obasanjo, while looking at the CBN mandate, said that Nigerians had since 2015 suffered a problem of risks due to wrong implementation. He urged the federal government to appoint a CBN governor that understands developments, international and political economics as well as the know-how to work well with the fiscal side of the equation.
“So, those are the areas, among others. Going forward, we would like to see more proactive, more sensitive, more consultative management of the central bank, to achieve the desired results,’’ she said. “As it stands today, the performance target of the central bank is not specified and not measured. In broad terms, we have the roles of the central bank, which we said are price stability, financial system stability, policy management, and lender of last resort to the federal government.
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