For the records, as the CBN Governor, Emefiele was in charge of exchange rate and inflation policy , while the Fiscal authorities managed the economy. When Emefiele was removed , official exchange Rate was N500/$1 and parallel market rate was N750/$. Today exchange Rate is…
— oseni rufai (@ruffydfire) May 12, 2024
For the records, as the CBN Governor, Emefiele was in charge of exchange rate and inflation policy, while the Fiscal authorities managed the economy.
When Emefiele was removed, official exchange Rate was N500/$1 and parallel market rate was N750/$. Today exchange Rate is N1,491/$.
When Emefiele was removed inflation was 21 percent, today inflation is above 32 percent.
Nigerians know better.