Abuja - The Senate has invited the Governor of
Central Bank of Nigeria, Godwin Emefiele, to appear before the Upper Chamber of
the National Assembly over the continuous depreciation of the Naira.
The CBN governor was summoned after the Senate Leader, Ali
Ndume, raised the issues through matter of urgent public importance.
He asked the Senate to invite the governor to explain the current
exchange rate of $1 to N300.
Also read: I'll make Naira equal in value to dollar, says Buhari
“This is an issue of national importance, the current
exchange rate of $1 to N300. There is need for the CBN to explain the reason
and possible solution to the problem,” Ndume said.
When the Senate President Bukola Saraki put the matter to
vote, it was unanimously agree by the Senator that the CBN governor appear
before them on next legislative day, which is Tuesday next week.
The Naira has continued to come under pressure against the
dollar, as Brent crude price continues to decline.
The oil price declined to $35 per barrel on December 11, its
lowest price since February 2009.
Nigeria is a key oil exporter.
- CAJ News