President Bola Tinubu has raised concerns over what he labels a “cacophony of postulations” from different directions on the nation’s foreign exchange, adding that it only contributes negatively to the market.
The president who wrote on Thursday on his official X (formerly Twitter) account on the CBN and monetary policy appealed to the governors to be patient with the CBN governor to fulfil his designated mandate.
According to the president, not all opinions on the foreign exchange market are expert, noting the entrusted mandate to CBN governor Yemi Cardoso for currency stabilization.
He said,
Speaking further, the president noted that if the CBN governor fails to carry out his mandate on currency stability, he will not hesitate to “quickly” remove him from the system.
