I Will Sack Emefiele, Float The Naira Once Elected – Atiku
The Presidential candidate of the Peoples Democratic Party, Atiku Abubakar, has many plans for the Nigerian economy.
One of them is to sell the Nigerian National Petroleum Corporation, NNPC which he has described as a ‘mafia’ – this has been in the public domain for a while now.
On Wednesday, he told Bloomberg in an interview that his plans also included ousting the governor of the Central Bank of Nigeria, CBN, Godwin Emefiele, once he gets elected.
Floating the Naira is also part of his economic plans.
Godwin Emefiele is not doing a good job, Abubakar said, adding that he would make the change when the governor’s first term ends in June.
“I don’t think he’s pursued the right policies. We have to have the right people in there,” he said in an interview held in Lagos.
Under Emefiele, who was appointed in 2014, Nigeria has tightened capital controls and closely managed the Naira’s value.
The governor has consistently said this is the best way to curb inflation and boost manufacturing by discouraging imports. The country now has a system of multiple exchange rates, which several foreign investors have criticised.
Atiku also said President Buhari was incompetent when it came to running the economy.
“The president doesn’t even know what’s going on around him,” Abubakar said.
“He’s aloof. You can see that he’s clueless in the way the country’s been governed since he came to office,” he said.
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