Skip to main content

We Don't Have A CBN Governor, What We Have Is A Cashier - SDP's Adebayo

 The presidential candidate of the Social Democratic Party (SDP),Prince Adebayo Adewole has described the Central Bank of Nigeria governor as a cashier.


Prince Adebayo, while answering questions on the Naira during the Question and Answer session about the Nigeria currency at the 4th quarterly meeting of the Nigeria Association of Chambers and Commerce, Industry, Mines and Agriculture (NACCIMA), held in Enugu, said the issue of Nigeria currency is a straightforward thing, stressing the fact that the value of anything depends on its supply.


He said if Naira is challenging to get, the Nigeria currency will have value, stating that the tragedy of the Nigeria Naira is that the government is not accounting for the country’s revenue diligently.


The presidential hopeful also made it known that when the government intends to carry out expenditure which is where inflation comes in, they take the money into the hands of their political allies; for example, when there is a need to contract road construction, government tends to give it to political party leaders who are their allies who in return contract it to another contractor


Prince Adebayo stressed that this habit gives room to many naira with no productive value-chasing properties, leading to excess naira in circulation.


The SDP presidential candidate further stated that the Central Bank is supposed to be the break when the government is running fiscally irresponsibly, but we do not have a Central Bank governor; we have a cashier who does the bidding of those in government.


Comments

Post a Comment

Popular posts from this blog

Kogi poll: Lawyers, activists uncover SDP, Ajaka's alleged plan to file petition through backdoor, backdate it, as 21 days window closes

  . Call on Tribunal to fish out members allegedly contracted to execute plan . Vow to challenge any move contrary to law with 'incontrovertible facts' Lawyers and Activists from Kogi State have raised the alarm over what they described as a clandestine move by the Social Democratic Party and its Governorship candidate to file their petition against the outcome of the November 11 election through the backdoor and backdate same to circumvent the provisions of the Electoral Act. The lawyers, under the aegis of the United Front for Democracy, raised the alarm following the closure of the window allowed for the filing of electoral petition with all allegations and petition relating to the petition front-loaded, in line with Section 134 of the Electoral Act. They spoke at a press conference in Lokoja, on Monday.  Convener, United Front for Democracy, Barr. Yetunde Olubunmi Shaibu, who spoke on behalf of the activists, said they had credible intelligence that the SDP candidate had y...
Post a Comment
Read more

Ajaka, Melaye’s Decision Not to Contest Ododo's Victory in Best Interest of Kogi, Says Group

With discussions still ongoing regarding the November 11 governorship election in Kogi State, various socio-political groups in the state have lauded the decisions by the SDP candidate, Murtala Yakubu Ajaka, and the PDP candidate, Senator Dino Melaye, not to challenge the election outcome in court. They described this decision as being in the best interest of the state and a demonstration of sportsmanship, qualities for which the former Deputy National Publicity Secretary of the APC is known. The Kogi Progressives for Good Governance group also praised Senator Dino Melaye for not challenging the victory of Ahmed Usman Ododo in court. Honorable Yakubu Murtala Ajaka, who secured the second position in the November 11 governorship polls with a total of 259,052 votes, declared during his appearance on the Channels TV program "Politics Today" on November 13 that he would not contest the victory of APC's candidate Ahmed Usman Ododo at the election petition tribunal. Similarly, ...
Post a Comment
Read more

KOGI: 21 Ajaokuta kidnapped victims rescued within 48 hours as Governor Bello reiterates zero tolerance for criminal activities

 The 21 victims kidnapped along the Ajaokuta-Itobe road in Kogi State, on Thursday, have been rescued, within 48 hours, by a joint team of security operatives, comprising personnel of the Nigerian Police Force , Civil Defence and local vigilantes. The victims, predominantly travelers, had been whisked away to an unknown destination within the dense forest around the Ajaokuta Local Government Area of Kogi State. Upon receiving report of this distressing incident, His Excellency, Yahaya Bello, CON, the Governor of Kogi State, promptly issued directives to both security agencies and local vigilantes to embark on immediate actions that will lead to the freedom of the captives. He said the perpetrators of this reprehensible act must also be fished out. This directive underscored Governor Bello's unwavering commitment to the safety and well-being of the citizens/residents under his charge. The determined efforts of the combined security forces yielded results within 48 hours, leading to ...
Post a Comment
Read more