The Governor of The Central Bank Of Nigeria (CBN), Mr Olayemi Cardoso, has been summoned by The Senate yesterday, to appear before it next Tuesday, on the state of the economy and free fall of the naira in the forex market.
This was disclosed by the chairman of the Committee on Banking, Insurance and other Financial Institutions, Senator Adetokunbo Abiru.
The committee met, yesterday, when the naira jumped to N1,520 to the US dollar and resolved to summon the CBN governor on the way out.
Speaking with journalists after the meeting held behind closed doors, Senator Abiru noted that the state of the economy was of great concern to the lawmakers.
He said: “We held a meeting essentially to focus on the direction of the Nigerian economy.
“We are all living witnesses to 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.”
