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Naira Depreciation To 580/1$ Is Handiwork of APC & CBN Governor – PDP


As Nigeria currency depreciates to 580/1$, the major opposition party of the country, the Peoples Democratic Party (PDP) on Sunday heaped the blame on the door-steps of the ruling All Progressives Congress (APC) and the Governor of the Central Bank of Nigeria, Mr Godwin Emefiele.

The PDP made its position clear in a statement, signed by the National Publicity Secretary of the PDP, Kola Ologbondiyan, in Abuja, on Sunday titled, ‘PDP to APC: You Have Admitted to Wrecking the Naira’.

According to the statement,  APC’s acceptance that it retained Emefiele who allegedly supervised the looting of Nigeria’s treasury, is an admission that it deliberately sabotaged the economy and made life very difficult for Nigerians.

The statement: “Our party insists that by the comments of the APC National Secretary, Senator John Akpanudoedehe, the APC deliberately kept a CBN Governor that supposedly supervised the ‘sharing and looting’ of monies in office to enable APC leaders to pillage the CBN.

“We call on the APC and the Buhari Presidency to come clean on their activities in the CBN that have brought the value of our naira to her knees and stop the horrible resort by the APC to blackmail those who are demanding transparency and accountability in the nation’s fiscal sector.”


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