Senate Summons CBN governor Over poor economy And weak Naira

The Senate Committee on Banking, Insurance and Other Financial Institutions led by Senator Adetokunbo Abiru, APC Lagos East, summoned the CBN Governor after a meeting on Wednesday, January 31, after the Naira exchanged for N1,520 to a US dollar.

“We have held a meeting this afternoon essentially to focus on the direction of the Nigerian economy. We are all living witnesses of what is going on. Underlining the major issue of the economy is the way the inflation index has been and of course, it is a major concern to us.

“We have deliberated among ourselves. Critical issues were addressed and we believe that the next line of action is to summon the governor of the Central Bank on Tuesday at 3 O’clock to brief us properly on the state of the economy.

“That we have resolved and will communicate to the governor of the Central Bank after which we will have further communication with members of the press..”