Naira will fall from N570/$1 to N400/$1 at black market if… – CBN ex-deputy gov, Moghalu

The downward trend of the naira had fueled calls for the sacking or resignation of the CBN Governor, Godwin Emefiele, by some political groups including the Peoples Democratic Party. They blamed Emefiele, who has been CBN governor since June 2014, for poor monetary policies.

According to the former presidential candidate of the Young Progressive Party in the 2019 election, the government of the day does not respect the independence of the CBN and it becomes a choice for whoever is the governor whether to play along or assert his or her independence and bear whatever cost given the kinds of political leaders that are in the country.

Asked whether the stoppage of forex sales BDCs was the cause of the downward trend of the naira in recent weeks, Moghalu said the CBN should not have sold FX to the BDCs in the first instance.

Lol

So where do we start from to help naira appreciate?

Prof. Swing the magic wand 🪄 now. Help ya County people.

Naira will appreciate or naira will fall, abeg I no go school somebody should correct me and punch newspaper. Quota system journalists everywhere ndi ara FreeNnamdiKanuNow FreeNnamdiKanuNow FreeNnamdiKanuNow FreeNnamdiKanuNow FreeNnamdiKanuNow FreeNnamdiKanuNow

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Hmmmmmm

Wow… rocket science…the margin is big business for Emefiele and his cabal… all these pronouncements are good for their business!

We all know that any economy is all about demand and supply (ECON 101). Now, where will the massive rush of dollars to the economy come from, when Nigeria is borrowing left, right and center? Mr. Moghalu, abeg no teach us nonsense!!!

Source : believe me bro.

Na mango🤔

Take ur yeye advice go try one Local Govt area Nna.Why u dey worry ur life like this ehhh😂😂Ok may be u dey collect some donations sha. U have never been CBN boss b4. U dey there Sanusi went out as Gov then Came back as CBN gov yet u were not invited too ask ur self Y naa

And you think that Is good enough for our economy. Need a brain check

IF I tell u say I love u ooo My boby my money Na ur own oo baby

Your headline is fraught. You can do better . It should be Naira will appreciate not 'Naira will fall'

Keep on tweeting

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