Devaluation of Naira: You‘re insensitive, youth leaders tell Osinbajo

Written by on October 12, 2021

The Nigerian Ethnic Youth Leaders Council (NEYLC) has faulted the position of the Vice President, Prof Yemi Osinbajo, who on Monday called on the Central Bank of Nigeria (CBN) to devalue the naira.

The council, which is made up of the Arewa Consultative Youth Movement, Ohanaeze Ndigbo Youth Movement, Oduduwa Youths, and Middle Belt Youths, noted that with his suggestion, Vice President Osinbajo has shown that he is insensitive.

In a statement signed Tuesday Nwada Ike Chiamaka Ohanaeze Secretary-General and Head of Coalition’s Secretariat made available to our reporter, the group insisted that rather than suggesting anti-people policy, “we are of the opinion that the current economic realities call for concerted efforts by all key actors in the country to revamp the nation’s economy and reposition it for the benefit of all.

“We urge the CBN to ignore the call and concentrate on its ongoing policies that are geared towards economic emancipation of the country.

“We urge Prof Osinbajo and other politicians to restrict themselves to their area of competence which is politics and leave economists to run the economy.

“In taking economic decisions that will have an immediate and long-term effect on the nation, political consideration should and must take the backstage.”


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