Home Politics Adewole Adebayo Extol NACCIMA, Faults FG, CBN Over Naira Instability

Adewole Adebayo Extol NACCIMA, Faults FG, CBN Over Naira Instability


Ahead of 2023 general election, the presidential candidate of the Social Democratic Party (SDP), Prince Adebayo Adewole has continue his rob minds visitation has present at the 4th quarterly meeting of the Nigeria Association of Chambers and Commerce, Industry, Mines and Agriculture (NACCIMA), held in Enugu.

Adewole Adebayo said those in government intends to carry out expenditure, which is where inflation comes, they take the money into the hands of their political allies; for example, ‘when there is a need to contract road construction, government tends to give it to political party leaders who are their allies who in return contract it to another contractor.’

“Share prosperity is the guarantee to escape poverty – A country where all conspiracy is to grant power, and loose the country, another person will come to grant power who’s not sustainable.”

In 2023, let us look for honestly Leader who have patriotism, competence, vision, and ability to show it. Who can earnest resources not the one sitting as chief executives. Adewole said.

‘Growth of the Bank is the growth of industry,’ during the Question and Answer session about the Nigeria currency, Adewole said the issue of Nigeria currency is a straightforward thing, stressing the fact that the value of anything depends on its supply.

Video: SDP Adebayo Adewole full speech at NACCIMA

“If Naira is challenging to get, the Nigeria currency will has value, the tragedy of the Nigeria Naira is that the government is not accounting for the country’s revenue diligently, and this habit gives room to many naira with no productive value-chasing properties, leading to excess naira in circulation.” Central Bank is supposed to be the break when the government is running fiscally irresponsibly, but we do not have a Central Bank governor; we have a cashier who does the bidding of those in government.

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