N476/N480 (updated 30.11.16:noon)
buying/selling naira exchange rates per USD
Friday, 2 September 2016

Governor of the Central Bank Of Nigeria Godwin Emefiele has criticized the recent opinions of former governor of the institution and Emir of Kano, Muhammad Sanusi.

Emefiele was quoted saying on Friday 2 September 2016 in reference to Sanusi's rhetorics that anyone can become a billionaire by exploiting CBN's "weak" forex policies:
"It is so easy to criticize from outside and begin to say stories that are not true.

"When we stop importing toothpicks, stop eating imported rice cultivated with chemical, stop eating chicken imported and preserved with formaldehyde, then our economy will begin to grow.

"When you have policies that people are praising, that means such policies are not really good, because the people praising the policies know that they can circumvent them. But if people criticize your policies, especially in Nigeria, such policies are good; the people criticize them because they know that they cannot circumvent them."
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