Business
Political Commentator, Deji Adeyanju Reveals Why Dollar Is Almost A N1,000
“Why Dollar is Almost N1,000”: Deji Adeyanju Points Fingers at CBN Leadership....KINDLY READ THE FULL STORY HERE▶
Written By Oshiobugie Omo-Ikirodah
Prominent political commentator, Deji Adeyanju, has made startling revelations regarding the drastic depreciation of the Naira against the dollar. Through a series of tweets, he questioned the current leadership of the Central Bank of Nigeria (CBN), hinting at possible incompetence as the root cause of the currency’s decline. CONTINUE READING
Adeyanju tweeted, “Our CBN Gov is a mechanical engineer banker & you wonder why dollar is almost N1,000. We moved from Meffy to this. Bankers should have no business with running CBN. They have destroyed our economy. Get an economist with international fiscal policy experience to fix things at CBN.”
Emefiele
He did not mince words, firmly stating that the choice of a banker, especially one with a background in mechanical engineering, to head a critical institution like the CBN was a misstep. Drawing parallels to advanced countries, he noted the importance of appointing individuals with specialized knowledge in economics and fiscal policy to such positions.
Elaborating further, he added, “Even advanced nations still get the best brains to head their Central Bank but here we have a mechanical engineer in charge and you will hear people say but he was a banker. Bankers know absolutely nothing about running an economy. That’s why Meffy destroyed the Naira.” CONTINUE READING
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Adeyanju’s tweet was a clear jab at previous CBN leadership, notably the tenure of Emefiele. He also took the time to dismiss arguments by certain quarters suggesting that a weak Naira could potentially bolster local production, sarcastically remarking, “Naija for show!”
Wrapping up his string of tweets with a call to action, he emphatically stated, “Sack the mechanical engineer CBN Governor now before he turns our legal tender to tissue paper.”
The tweets have since generated a buzz in the online community, with many Nigerians joining the conversation to share their views and concerns about the future of the Nigerian economy.
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