Emefiele warns of tough times ahead as Senate committee okays his nomination

Emefiele warns of tough times ahead as Senate committee okays his nomination

The Senate committee on banking, insurance and other financial institutions on Wednesday okayed the renomination of Godwin Emefiele, governor of the Central Bank of Nigeria (CBN) for a second term by President Muhammadu Buhari.

Emefiele who appeared before the committee on Wednesday dismissed the allegations of a N500 billion missing from the bank’s vault and pledged that the apex bank will continue to do its best.

The CBN boss also warned that road ahead will be tough as implementation of well thought out policies has been neglected mostly because of sabotage.

Emefiele said, “CBN will ensure that those who seek to undermine the policies of Nigeria will be brought to book. Pray for us because the road ahead is tough.”

“On Agriculture, the credit should go to the President. It was what he said ‘eat what we produce’, that birth the anchor borrowers programme.

“We have started looking at Palm oil. The price of a barrel of palm oil is more than a barrel of crude oil. We will grow that market again. After palm oil, we will focus on cocoa in the south-west.”

During the screening, the committee expressed satisfaction over Emefiele’s first tenure at the CBN.

The chairman of the committee, Rafiu Ibrahim who described Emefiele as a good man, decried the attempt by groups to smear his good name.

Ibrahim said,, “I do not have any question for the Governor. I am overwhelmed. I wish you well and pray for you. May God continue to guide you.

“Now, we know the reason why there are some videos on social media because in Nigeria, once you are a good person, some people will always try to bring you down. We will expeditiously take a report to the chamber for consideration. You can take a bow.”

Kurfi Umaru representing Katsina central and Philip Aduda of the FCT also had good words for Emefiele.

Umaru said,“Let me start by congratulating the governor for his second term and also congratulate you for your article presentation. I commend you for a job well done.” he said.

While Philip Aduda noted, “Mine is to wish you well and to pray to God almighty to grant you wisdom so that you can put the economy of this county on a pedestal of hope and prosperity. Congratulations.”