PREMIUM TIMES
A former Vice President of the World Bank, Oby Ezekwesili, has expressed concerns about the naira redesign policy of the Central Bank of Nigeria.
During an interview on Channels TV on Sunday, Mrs Ezekwesili wondered whether there are still economists in the bank.
The policy, she said, was designed to solve the problem of criminality in politics.
She, however, noted that government could easily go after the criminals without using monetary policy of the CBN.
Ms Ezekwesili, who is a former minister of education, said these criminals are known to the government and that there was no need to deploy the policy.
“But there’s a second thing that we seem to be solving for which has now taken ascendancy over the monetary policy. We are using the central bank to solve the problem of criminality in our politics.
“That’s the objective, but is it an objective that the central bank should be smacked into? There’s something wrong with that because what has happened is – you have criminals – the government knows the criminals, they are part of them.
“If it wanted to, in a transparent manner, get them, it would get them. But what it has done is that It has basically discomfited the citizens, the poor women in the market, the people just barely eking out a living, and now struggling because of the criminality our politics.”
She noted that the financial infrastructure..
