FG says Soludo’s tenure as CBN gov, a disaster

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The Federal Government has described the five year tenure of Prof Chukuwma Soludo as the Governor of the Central Bank of Nigeria as a failure and a disaster to the banking sector.

Prof Soludo who was the apex bank governor between May 2004 and May 2009, had on Monday written an article where he claimed that the Nigerian economy under President Goodluck Jonathan had performed woefully.
But on wednesday the Minister of Finance, Dr Ngozi Okonjo-Iweala while reacting to Soludo’s comment said through his article the former CBN governor has committed what she described as “intellectual harakiri.”

The Minister said not only was the article littered with abusive and unbecoming language, but it shows Soludo, whom she described as an “embittered loser in the Nigerian political space” can get so derailed by misquoting economic facts and maliciously turning statistics on their head to justify a hatchet job.”

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