Yemi Cardoso Cries Out: “Why Nigerians Shouldn’t Blame Me For Economic Woes”

The New Diplomat
Writer

Ad

Obi Slams ECOWAS Over Guinea-Bissau: Calls Out ‘Double Standard’ 

By Abiola Olawale Former Labour Party Presidential candidate Peter Obi has criticized the Economic Community of West African States (ECOWAS), accusing the regional body of applying a glaring "double standard" in its response to the recent political turmoil in Guinea-Bissau. ​In a strong statement released on his X handle on Sunday, titled "Reflecting on the…

Presidency Slams Obasanjo, Says Terrorism Began During His Administration 

By Abiola Olawale The Presidency has criticised former President Olusegun Obasanjo, directly challenging his recent critiques on the nation's security crisis. In a statement issued on Sunday, the Presidency asserted that the foundation of terrorism and extremist violence in Nigeria was laid during Obasanjo's tenure, dismissing the narrative that the current administration inherited a peaceful,…

Atiku slams N17.5trn pipeline security bill, says figure rivals Nigeria’s 12-year subsidy bill

By Obinna Uballa Former Vice President Atiku Abubakar has accused President Bola Tinubu’s administration of overseeing what he described as one of the most alarming financial scandals in Nigeria’s history, following revelations that the Nigerian National Petroleum Company Limited (NNPCL) spent N17.5 trillion in one year on pipeline and energy security. In a statement issued…

Ad

By Abiola Olawale

The Governor of the Central Bank of Nigeria (CBN), Mr Yemi Cardoso has distanced himself from the prevailing economic challenges grappling with the country.

The governor of the apex bank added that while his team are finding lasting solutions, he shouldn’t be blamed for the present economic turbulence in the country.

Cardoso, who spoke on Tuesday at the first Monetary Policy Committee (MPC) meeting, said the situation of the economic was caused by some past policies, adding his team is working to clean all the mess.

He added that some policies are being put in place to soften the condition of the country.

He said:”I laugh at that question, but it is not a laughing matter and I think it is very important for Nigerians to understand that the Central Bank Governor; I and my team, are not responsible for the woes that we have today; we are part of the solution.

“We are determined to ensure that we work hard to get out of the mess that Nigeria is in. We assumed responsibility in a time of crisis of confidence; there was a crisis of confidence, and you may all want to go to bed and wish that crisis of confidence was not there, but it was, and we can’t turn back the clock.

“All we can do is do the difficult things to make a bad situation better and I do believe that the efforts that we are making are beginning to bring back confidence because to be frank, without confidence in your business, you are not going to get far”.

Ad

X whatsapp