Atiku vows to change CBN governor if elected President

Posted by News Express | 17 January 2019 | 1,117 times

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• Atiku at PDP Plateau Rally

Nigeria’s main opposition candidate, Atiku Abubakar, said he would appoint a new central bank governor and float the naira if he wins next month’s elections.

Godwin Emefiele is not doing a good job, Abubakar said, adding that he’d make the change when the governor’s first term ends in June.

“I don’t think he’s pursued the right policies,” Abubakar, 72, said Wednesday in an interview in Nigeria’s commercial capital, Lagos. “We have to have the right people in there.”

Under Emefiele, who was appointed in 2014, Nigeria has tightened capital controls and closely controlled the naira’s value. The governor has consistently said this is the best way to curb inflation and revive manufacturing by discouraging imports. The country now has a system of multiple exchange rates, which several foreign investors have criticized.

Isaac Okorafor, a spokesman for the central bank in Abuja, the capital, declined to comment on what Abubakar said.

A former vice president and wealthy businessman, Abubakar has touted his pro-market approach that includes selling stakes in the state-owned oil company as a way to drum up investment. He accused President Muhammadu Buhari, a 76-year-old ex-military ruler, of planning to rig the Feb. 16 vote. (Bloomberg)


Source: News Express

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