Aduragbemi Omiyale
By Aduragbemi Omiyale
Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, is having a meeting with key members of the Monetary Policy Committee (MPC) in Abuja to deliberate on the way forward for Nigeria in terms of monetary policies.
The meeting, which started on Monday, May 23, 2022 (today), is taking place at the MPC Meeting Room, 11th Floor, CBN Headquarters, Abuja. It will conclude tomorrow after which Mr Emefiele will address the press on the outcome of the gathering.
It will be the first MPC meeting the apex bank chief is presiding over since his alleged presidential ambition became a very hot issue and his competence put under question.
As the CBN governor, he is not expected to belong to any political party but a few weeks ago, this was in doubt after it was reported that a group comprising rice farmers purchased the N100 million presidential forms of the ruling All Progressives Congress (APC) for him.
There were calls later for his resignation to enable him to contest the 2023 polls but he declined and filed a suit in court to allow him to participate in the election without quitting his position.
Amid these controversies, some have wondered if Mr Emefiele will still be able to play his role as the CBN chief without political interference, especially at a time the macroeconomic environment is not friendly to many Nigerians.
At the MPC meeting, members will weigh the different parameters and make a decision on whether to retain the benchmark rate at 11.50 per cent and slightly tilt it. This would be revealed on Tuesday when Mr Emefiele is expected to address newsmen.
