Emefiele: With Chinese loan, we will implement Buhari’s economic plan

Godwin Emefiele

Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), says the fiscal and monetary authorities are committed to implementing President Muhammadu Buhari’s economic recovery and growth plan (ERGP).

See Why The Naira May Fall To The Dollar At N1000/$

PLUNGING NAIRA – BEFORE YOU BLAME EMEFIELE LOOK AT YOURSELF

It is either I do not understand economics and how exchange rates work or a vast majority of us Nigerians still don’t get how we have wrecked our country with our own curious choices. Just this morning I was listening to the radio and the lady on air went on and on about how she thought CBN governor Godwin Emefiele was incompetent and should be sacked because the naira was now exchanging at 309 or so to the USD. That view pretty much echoes the sentiments expressed by many people I know and it amazes me that there are Nigerians who actually think there is some magic POLICY that can make the Naira strong in the near term. If my economics and my understanding of the way the world works are right, then that is as far from the truth as Jesus Christ is black.