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Showing posts with the label 2023

Is Festus Keyamo suggesting that Muhammadu Buhari, the President of Nigeria, is either of low cognitive complexity or simply self-opinionated. Ah, yes, the next President must get rid of Godwin Emefiele

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Ipemndoh dan Iyan   Background On Wednesday 26 October 2022, Godwin Emefiele, the Governor of the Central Bank of Nigeria (CBN) made it known to the Country that the CBN  announced the Intention to recast some Naira Notes. In his "press briefing" he made bold Remarks that "the integrity of a local legal tender, the efficiency of its supply, as well as its efficacy in the conduct of monetary policy are some of the hallmarks of a great Central Bank." - https://www.vanguardngr.com/2022/10/emefieles-full-speech-why-cbn-is-redesigning-naira-notes/ He then introduced the Mind to why the CBN of which he had been Governor for 8 Year at the Time - he was appointed in 2014 - is not "a great Central Bank." I doubt though whether he had the faintest Inclination that he was doing that. He said: "Although global best practice is for central banks to redesign, produce and circulate new local legal tender every 5–8 years, the Naira has not been redesigned in the las...