– The NYCN has asked President Buhari to look for someone who can handle the country’s economic situation better
– The group called on Godwin Emefele to resign
– It lamented that the poverty rate had increased
With the current economic challenge Nigeria is going through, the Northern Youth Council of Nigeria (NYCN) has called on Mr. Godwin Emefiele who is the governor of the Central Bank of Nigeria to resign within 21 days or transform the country for good.
The Nation reports that in a statement issued on Wednesday, October 4 by Comrade Isah Abubakar who is the president of the group, it said that the high level of poverty has increased and the dollar was almost at N500.
NYCN called on President Muhammadu Buhari to loot for someone who can handle the economic situation of the country better.
Part of the statement read: “After watching with keen interest the present economic hardship in the country, we are saying no thanks to CBN Governor who has not been able to come up with any plan that can take us out of the wood as head of our financial body, we at NYCN while supporting the administration of President Mohammadu Buhari are saying we are not happy with his economy team hence the need to look inward for better hands.
“We now pay as high as about N500 to a dollar. This has brought serious hunger and hardship on our people because most of what we eat are imported and are been affected by high foreign exchange. Inflation has increased from 7 percent in 2013 to 17 percent in quota 4 of 2015 and quota 3 of 2016 which bothers the CBN Governor and Finance Minister, Funke Adeosun agreed to the fact that economy is in trouble.
“Unemployment is another problem as it has soared to 24 percent at a period when millions of beverages, tobacco, banks and hospitality sector workers have been added to already saturated Labour market. Small and medium scale enterprises that were coming up are folding up as they can not bear the exchange rate that has sky rocketed beyond their reach.
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