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.
On her part, Biodun Olujimi, senator representing Ekiti south, accused the CBN of not taking responsibility which has led to the crash of naira.