Candidate of the Labour Party for the 2023 presidential election, Mr Peter Obi has disclosed what he will do with the incumbent Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele if elected president.
TheNewsGuru.com (TNG) reports Mr Obi made this disclosure while fielding questions during his engagement at Chatham House, London, where he discussed his vision for policy and governance reforms in Nigeria.
“People are talking about the Central Bank Governor. Let me assure you; the Central Bank will maintain its independence.
“The problem is not about the person there. Central banks have the role of monetary policies. Then you have the fiscal space. The weakness of the fiscal space allows the monetary space to take over.
“Because there is a weak governance structure, that is why what is happening today is happening.
“Replacing Godwin and putting somebody without a level of fiscal rascality is what is fuelling our inflation and our exchange rate today. These are some of the things you need to cut.
“As long as the government continues on that fiscal rascality, that situation will occur. That is what we need to fix.
“I wont say what will happen. His term is actually coming to an end. So, it wont be too long,” Peter Obi said.
Meanwhile, amid speculations that he was arrested by operatives of the State Security Service, TNG reliably gathered that the apex bank Governor has resumed duty after embarking on his annual leave in December 2022.