The
House of Representatives has summoned the Finance Minister Ngozi Okonjo-Iweala
and Central Bank Governor Sanusi Lamido to explain the continued devaluation of
the naira.
This
followed a motion by Odebunmi Dokun, who noted that the nation’s economy would
be in serious trouble if the negative trend is unchecked.
Honourable
Dokun while tracing the history of the continued decrease of the naira over major
currencies in the world, said the negative trend has continued without any
signs of improvement.
The House later referred the matter to its
committees on Finance, Banking and Currency and National Planning and Economic
development to invite the Minister and CBN governor to explain and submit its
report within six weeks
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