Senate Summons Emefiele Over Inflation, Devaluation

Senate Summons Emefiele Over Inflation, Devaluation
Godwin Emefiele

The Senate has summoned Emefiele over inflation and devaluation.

The Nation reports that the Senate on Wednesday resolved to summon Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, over skyrocketing inflation and naira devaluation which continue to plunge Nigerians into hardship.

Stakeholders in key sectors of the economy expressed worry over the free fall of the naira against the United States Dollar.

The naira is currently being exchanged at N670 per dollar at the parallel market. There has also been a spike in dollar demand.

The resolution of the Senate followed a motion moved by Senator Olubunmi Adetunmbi, representing Ekiti North Senatorial District at plenary.

Brainnews

Eyo Nse is a creative writer, blogger and a software engineer. He is a simple individual who loves to see others succeed in life. Mr Wisdytech as he is popularly known - started blogging in the early 2000's.