Importers, smugglers, others move to stop Emefiele




#TrackNigeria – The recent announcement on the renewal of the tenure of the Central Bank of Nigeia Governor, Mr Godwin Emefiele may have come as a surprise to most importers, particularly those involved in the importation of items tagged ‘not eligible for foreign exchange via the official window’.

To this end, those caught in the web may have taken the gauntlet to take the fight to the door steps of the apex bank by deploying all ammunition in their arsenal to fight against the confirmation by the National Assembly. 

Checks by our correspondent  revealed that most of those in the rice and textile businesses in particular, who have been having sleepless nights over the nationalistic nature of Emefiele are now mobilizing through various means to discredit him. Not stopping at that, they have resorted to either to use the courts to scuttle the confirmation process or other means like sponsoring protests, concoction of spurious messages   and hacking into official conversations. 

However, as resolute as ever, it was learnt that  Emefiele has remained undaunted as he vowed to fight smugglers using the powers enshrined in CBN Act 2007 and BOFIA to regulate the financial system and the economy at large toward higher productivity, employment generation, wealth creation and self reliance in the nearest future. 

Speaking recently in Katsina during the launch of input distribution to cotton farmers for 2019 farming season, driven by passion for economic rejuvenation, Mr. Emefiele reiterates that saboteurs  would blacklisted from assessing financial services from banks operating in the country.

Like a bolt from the blue

It was a few days after this Katsina launch  that the announcement that President Buhari had written to the Senate reappointing, Emefiele as CBN Governor  was made .This development  appears to have hit  some  interest groups like a  bolt from the blue.

Fresh facts available  to Newsdiaryonline suggest that those against the move have indeed  commenced mobilisation to ensure that Emefiele is  not confirmed for a second term.Such elements say the reappointment will keep the economy at the same level for the next four years.

Newsdiaryonline  further learnt that some influential  forces have not been comfortable with the policies of Emefiele which ironically have endeared him  President Buhari.

Those watching Emefiele’s CBN have raised  further interesting arguments in defence of the apex bank chief.They point to the deft measures which brought Nigeria out of recession.


Some have also pointed at  specific measures that have boosted the economy especially the agricultural sector.One of such was the anchor borrowers program which has empowered rural  rice farmers and ensured increased  farmers income.It has helped to reduce importation of rice as well, official said.

In fact, the successes recorded in agricultural sector  formed President Buhari’s reference point during the 2019 campaigns as reported earlier  by Newsdiaryonline.




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