Business & Finance

Emefiele Slams Emir Sanusi For Criticizing CBN Forex Policies


Godwin Emefiele has reacted to the recent criticism of CBN’s forex policy by ex governor of the apex bank, Emir of Kano Muhammadu Sanusi II.

“It is easy to criticise from outside but my advice is not to sit back in a garden and call press men and begin to raise criticisms that are untrue and unsubstantiated,” Godwin said while delivering a lecture at the National Institute for Policy and Strategy Studies (NIPSS), during the weekend.

“We need advice of former CBN governors, there are channels they can use but not sit in their garden and call pressmen to raise criticism and say what is not true.” he added.

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He also condemned Nigerians who preferred imported materials to local ones for the current crisis, and wondered why CBN is often condemned whenever it takes decisions to reposition the economy.

“When you introduce a new policy and people do not complain, then that policy is not working. But when policies are introduced and people are shouting and complaining, then the policies have reached the right place.

“It means the policy is working. We should not use our hands to destroy ourselves, we should not use our hands to kill ourselves,” he said.

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