Central Bank of Nigeria (CBN) Governor Godwin Emefiele and some media chiefs at the weekend met to discuss the economy, recession and how the misapplication of the country’s foreign reserves. The apex bank chief spoke on the measures being put in place to revamp the economy. Group Business Editor SIMEON EBULU was there.
Nigeria is in a recession, the first in decades. Things are bad and the people are suffering. How did we get there?
I must apologise that this is happening to our people. But I must confess that what is happening today is as a result of a global crisis. Global crisis in the sense that we have seen commodity prices dropping, we’ve seen geo-political tension, all around the world.
But I think when you want to address the issue of how we got here, it is important for us to go back into…
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