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Several politicians had claimed that Emefiele’s hurried introduction of the naira redesign policy and his watertight implementation were meant to frustrate Tinubu and ensure he did not win the presidential election
Nigeria’s headline inflation rate increased from 21.34 percent in December 2022 to 21.82 percent in January 2023, according to data released by the National Bureau of Statistics on Wednesday.
In 2022, Nigeria’s apex bank, the Central Bank of Nigeria, announced its plans to redesign the currency.
The Debt Management Office, in a press statement, noted that Nigeria’s debt profile could reach N77 trillion by May 2023. The agency pointed out that this is due to the addition of Ways and Means (loans sourced from the Central Bank of Nigeria) totaling N22.72 trillion.
There has been increased agitations for the Governor of the Central Bank of Nigeria (CNB), Mr Godwin Emefiele, to resign his position or for the President to fire him.
At the launch of the rice pyramid yesterday, at Abuja, the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele disclosed that 2,160 metric tonnes of rice was imported into the country in 2021.
As President Buhari unveiled the largest rice pyramid in the world on Tuesday, January 18, 2022, the prevailing message of the event was an increase in local rice production and cheaper rice for Nigerians.
