FG Express Confidence on Emefiele, Says Economic team solid – Presidency

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Buhari’s Economic Team
Buhari’s Economic Team

The call for sack of Central Bank of Nigeria (CBN) governor, Godwin Emefiele may have hit a brick wall on Sunday in Abuja as the presidency have expressed confidence on the configuration of Nigeria’s economic team.

The CBN governor has been under intense pressure from economic experts and various groups since Nigeria’s economic recession started earlier this year.

According to a report by the news agency of Nigeria, the Senior Special Assistant to the Vice President on Media and Publicity, Mr Laolu Akande made the disclosure in a bid to debunk the notion that Nigeria’s economic troubles is as a result of poor handling of the economy by Buhari’s economic team.

He however blamed the dwindling economy on the activities of militants in the Niger Delta bombing and destroying oil installations in the region which have resulted in decline in crude oil production.

The revelation by the media aide also have cleared the air on the entire economic team of Buhari, giving them a vote of confidence and urging them on to continue running Nigeria’s economy.

Nigeria has been thrown into economic recession since July with the Naira losing its value against major world currencies after the CBN floated the local currency. This have also lead to inflation and high cost of goods in Nigeria with many losing jobs and businesses.

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