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Central Bank Of Nigeria Angers President Buhari Over Flexibility Policy


The Central Bank of Nigeria has infuriated President Muhammadu Buhari with its current flexibility policy that was recently introduced, President Buhari says that it is of no benefit to the economy, Naij reports.

CBN introduced the flexibility policy to enable market variables to determine the value of the Naira.

But according to Buhari this new policy is yet to benefit the country saying that he does not like the returns he got from CBN regarding the valuation of the Naira.

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Vanguard reports that Buhari said that Nigeria had now maneuvered itself into a mono-economy which led to the collapse of the Naira currently felt.

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