The governor of the Central Bank of Nigeria (CBN), Dr Olayemi Cardoso has said, the apex bank is not responsible for the current hardship that Nigerians are facing, even as he said the country does not have the opportunity of making a wrong turn.
Cardoso, whilst answering a question by NATIONAL ECONOMY at the end of the Monetary Policy Committee(MPC) meeting in Abuja on Tuesday absolved the CBN of any part in the current woes of the country. Currently, inflation figures are on the brink of 30 per cent with food inflation nearing 40 per cent.
This is coupled with a highly volatile exchange rate that had seen the value of the naira plummet to N2000 to the dollar in recent times.
The CBN governor stated that, “we at the CBN are not responsible for the woes of today. We are part of the solution and are determined to work to get out of the mess that the country is in. we assumed responsibility at a time that there was crisis of confidence. We cannot turn back the clock. All we can do is to do the difficult things to make a bad situation better.”
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