THE Senate on Wednesday summoned the Central Bank of Nigeria, Godwin Emefiele, over the worsening devaluation of the Naira.
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Reports revealed a United States dollar is exchanged to N710 in a parallel market on Wednesday.
The depreciation of the currency fuelled the lawmakers’ decision to invite the CBN governor following a motion by Olubunmi Adetunmbi, senator representing Ekiti north.
Contributing to the debate, Sani Musa, senator representing Niger east, said the naira would appreciate only if the country become a productive one.
“Let’s eat what we have; let’s do with what we have. Naira will continue to appreciate until we start manufacturing,” Musa said.
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On her part, Biodun Olujimi, senator representing Ekiti south, accused the CBN of not taking responsibility which has led to the crash of naira.