JUST IN: Nigerian Senate Summons Economic Team Over Cost of Living Crisis, New Meeting Date Emerges

• Senator Tokunbo Abiru-led Senate committee on banking, insurance, and other financial institutions has postponed its interactive session with the CBN governor, Olayemi Cardoso
• Disclosing this to journalists, Senator Abiru said the planned interface with Cardoso, was shifted to Friday, February 9
• The rescheduling of the grilling was necessitated by Cardoso's meeting with house of representatives members

Legit.ng journalist Ridwan Adeola Yusuf has over 9 years of experience covering public journalism.

FCT, Abuja - The Senate has stated that it would have an interface with the governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, and some members of the nation's economic team.

This was disclosed on Tuesday, February 6, by Senator Tokunbo Abiru while announcing the postponement of the meeting between the senate committee on banking, insurance, and other financial institutions to Friday, February 9.

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The Punch noted this development.

Abiru, who is the committee's chairman, informed newsmen that the house had summoned the CBN boss on the worrisome state of the nation’s economy and the free flow of the Naira, Blueprint newspaper said.

Abiru's words:

“After waiting for close to two hours for the CBN governor on the planned interface, we have resolved to postpone it to Friday this week by 9 am.

“Postponement of the interface between our committee and the CBN governor arose from the fact that he and other managers of the nation’s economy had been interfacing with our colleagues in the house of representatives since morning without knowing when exactly, the session would end."

What to read about cost of living crisis in Nigeria:

• Nigerians stage striking protest in Minna over unbearable cost of living, video emerges
• Cost of living: APC identifies alleged sponsors of Niger, Kano protests
• Nigerians struggle with cost of living

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Senate summons economic team

In a piece of related news, Legit.ng reported that the Senate summoned the CBN governor, Olayemi Cardoso, and some members of the nation's economic team.

This was disclosed on Tuesday, February 6, by Senator Tokunbo Abiru while announcing the postponement of the meeting between the senate committee on banking, insurance, and other financial institutions to Friday, February 9.

Source: Legit.ng