Senate invited the governor of cbn

 upper chamber said that it needed
boss to brief it especially on the implications of
the free fall of the naira.
The Senators noted that the CBN governor
should be invited to “brief the Senate on what
the situation really is.”
This followed a motion by Senator Nazif
Suleiman titled: “The state of the economy:
Naira depreciation and its implications.”
The Senate also resolved to urge the Federal
Government to step up efforts in diversifying the
national economy from oil export into an
economy that depends on taxation, agriculture,
manufacturing, international tourism and solid
minerals prospecting.
Senator Suleiman in his lead debate noted with
concern the state of the Nigerian economy as it
affects the depreciation of the naira.
The lawmaker said he is worried that the naira
has depreciated in the last few months at a
much faster rate than it had appreciated over
the last two years