President Muhammadu Buhari,has justified the recent presidential bid of Godwin Emefiele,saying the development did not affect his role as the governor of Central Bank of Nigeria (CBN).
Emefiele sought to be the presidential candidate of the ruling All Progressives Congress (APC) and drew widespread criticisms for being partisan while heading the CBN.
“The CBN governor is appointed by the President. But this appointment is subject to confirmation by the Nigerian Senate,” Buhari said on Tuesday.
Buhari explained that such decisions can only be determined by the board of directors of the CBN.
“Ultimately, it will be for the CBN’s board of directors to determine whether a CBN governor’s actions have fallen foul of the laws in place to ensure he can most effectively carry out his duties,” Buhari said.
He, however, noted that “there is a subtext to the accusations” of Emefiele being unfit to remain CBN governor.
He added:“Because the governor follows a model outside of the economic orthodoxy, he is labelled political. But the orthodoxy has proved wrong time and again.Instead, the governor is following an alternative economic model that puts people at the heart of policy. Nigeria should be free to choose its development model and how to construct our economy, so it functions for Nigerians.”
