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 PIC.14. FROM LEFT: PERMANENT SECRETARY, STATE HOUSE, MR NEBOLISA EMORDI;  CBN GOVERNOR, MR GODWIN EMEFIELE; VICE-PRESIDENT YEMI OSINBAJO AND  PRESIDENT MUHAMMADU BUHARI, DURING THE INAUGURATION OF NATIONAL ECONOMIC  COUNCIL AT THE PRESIDENTIAL VILLA IN ABUJA ON MONDAY (29/6/15). 5067/29/6/2015/ICE/CH/NAN

Taking a swipe at CBN Governor, Godwin Emefile, who has ruled out Naira devaluation, Sanusi said: “It is wrong to think that you can keep the naira at a certain level when the price of oil is falling without depleting your reserves. Emefiele, however, continues to argue that the currency was “appropriately” priced. The monarch further lamented interest rates in the country, which stands at benchmark rate of 13 per cent in September. ” According to him, “It does not speak well of us to pretend that the Naira is appropriately priced. We need to lower interest rates otherwise we compound