Governor of the Central Bank of Nigeria, Godwin Emefiele met with President Bola Tinubu at the Presidential Villa in Abuja on Tuesday.
The president whose vehicle entered the villa at 2:30pm on Tuesday, was later received by Vice-President Kashim Shettima; Emefiele; Mele Kyari, Group Managing Director (GMD) of the Nigerian National Petroleum Corporation Limited (NNPCL); speaker of the House of Representatives, Femi Gbajabiamila; and Permanent Secretary, State House, Tijjani Umar.
Former Lagos Finance Commissioner; Wale Edun and ,a House of Reps member,James Faleke, were also at the villa for the meeting.
After the meeting, Emefiele left without addressing the media but Kyari spoke to the press on fuel subsidy.
In his inaugural address, Tinubu had charged the Central Bank to work towards a unified exchange rate.
He had also vowed to review the naira redesign policy of the former administration which was implemented by the CBN.
He had said: “Monetary policy needs thorough house cleansing. The Central Bank must work towards a unified exchange rate. This will direct funds away from arbitrage into meaningful investment in the plant, equipment and jobs that power the real economy.
“Interest rates need to be reduced to increase investment and consumer purchasing in ways that sustain the economy at a higher level. Whatever merits it had in concept, the currency swap was too harshly applied by the CBN given the number of unbanked Nigerians.
“The policy shall be reviewed. In the meantime, my administration will treat both currencies as legal tender.”
This is the third president that Emefiele would work under.
Appointed by ex-President Goodluck Jonathan, Emefiele also worked with immediate past President Muhammadu Buhari who reappointed him.
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