The Nigerian Presidency has firmly denied reports suggesting that President Bola Tinubu asked the Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, to resign due to the steep decline of the Naira.
The Special Adviser on Information and Strategy to President Tinubu, Bayo Onanuga, addressed these claims, labeling them as "all lies." Earlier today, rumors circulated that President Tinubu had requested Cardoso's resignation in response to the significant depreciation of the Nigerian currency. However, Onanuga took to social media to clarify the situation. "It’s all lies. President Tinubu has not asked Yemi Cardoso to resign," he stated unequivocally.
This denial is crucial for understanding the current political and economic landscape in Nigeria, especially concerning leadership decisions and their impact on national financial stability.
The Naira's free fall has been a topic of concern, but the Presidency's stance indicates that no drastic changes in the CBN's leadership are being considered at this time.
The clarification from Onanuga aims to quell any uncertainties and maintain confidence in the administration's handling of the economic situation. As the nation navigates through these challenging times, the focus remains on stabilizing the currency and ensuring robust economic policies.
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