EXCHANGE RATE: CBN Governor Godwin Emefiele, To Appear Before Senate Committee Today.

The CBN governor Godwin Emefiele is to appear before the Senate committee today 4th Nov with details concerning the exchange rate s used for the Presidential Infrastructure Development Fund.

The PDF which was assigned partly to fund the Lagos-Ibadan express way , Mambilla Hydro project, Abuja -Kano express way , etc, had its exchange rate to be three hundred and twenty five naira to a dollar instead of  the usual three hundred and five naira to a dollar. In this light, the Senate committee chairman asked to see the documents for the project and reasons for having a different exchange rates as at the time the project was carried out.