BusinessSenate Summons Tinubu’s Economic Team Over State Of Economy, Naira

Senate Summons Tinubu’s Economic Team Over State Of Economy, Naira

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February 07, (THEWILL) – The Senate, on Tuesday, summoned President Bola Tinubu’s economic team over the state of the economy and the free fall of the Naira.

THEWILL recalls that the Senate Committee on Banking, Insurance, and Other Financial Institutions, chaired by Senator Tokunbo Abiru, on Wednesday, January 31, invited Cardoso to appear before it on Tuesday, February 6, over the same issue.

However, the Committee, on Tuesday, varied its invitation to the CBN governor, saying both the apex bank chief and the economic team, which included the Minister of Finance, Olawale Edun; Minister of State for Budget and Economic Planning, Atiku Bagudu; CBN Governor; Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji and Comptroller General of the Nigeria Customs Service (NCS), Bashir Adewale Adeniyi, among others, will now appear before it on Friday, by 9.00 am.

Abiru said the panel’s scheduled meeting with the CBN Governor for Tuesday, could no longer be held because of Cardoso’s engagement at the House of Representatives.

“So that is how come this (meeting) has been somehow delayed and the sense is that perhaps they are just rounding up and we don’t know exactly when they will be done to be frank.

“On our part too, we also believe that we should be rational and in terms of trying to see reasons, we put our brothers in the House of Reps and the sisters in the House of Reps and of course the CBN Governor.

“To that extent, it will appear that on our part, we’ll have to adjourn until Friday the 9th of February.

“The reason too, I think I should explain is that tomorrow there is a session with the Service Chiefs, and of course, that might extend till Thursday because they are issues of very serious concern to us.

“So in order to play safe and have enough time to also interact properly with the economic team in this instance, meaning that we might extend the invitation beyond the governor to also include members of the economic team.

“So on that note, we have resolved, and I would like to invite one of my colleagues to move the motion to adopt the decision to postpone this session”, said Abiru.

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