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Leave CBN alone — Moghalu slams Buhari’s directive on non-provision of foreign exchan - Printable Version +- Forums (http://contripeople.com) +-- Forum: General Discussion (http://contripeople.com/forumdisplay.php?fid=5) +--- Forum: General Discussion (http://contripeople.com/forumdisplay.php?fid=60) +--- Thread: Leave CBN alone — Moghalu slams Buhari’s directive on non-provision of foreign exchan (/showthread.php?tid=20894) |
Leave CBN alone — Moghalu slams Buhari’s directive on non-provision of foreign exchan - Edoman - 08-14-2019 Leave CBN alone — Moghalu slams Buhari’s directive on non-provision of foreign exchange for food importation Kingsley Moughalu, a former deputy governor of the Central Bank of Nigeria (CBN) has faulted President Buhari's directive on non-provision of foreign exchange for food importation. Recall LIB reported that President Buhari while hosting APC Governors at his hometown in Daura, said his directive to the CBN to starve food importation of foreign exchange stemmed from the steady improvement in agricultural production and attainment of full food security. However the former Presidential candidate of the Young Progressives Party (YPP) rubbished President Buhari's order and further pointed out that the CBN is an independent body which should be left alone to discharge its functions. Moughlau stated that the political interference in CBN's economic policies leads to poverty and also weakens institutions. He tweeted; Quote:“Is @cenbank now a ministry to be “directed” by President @MBuhari ? Article 1(3) of the CBN Act 2007 states ‘In order to facilitate the achievement of its mandate under this Act…the Bank shall be an independent body in the discharge of its functions. by Linda Ikeji at 14 |