Sarah Alade, Formally Hands Over to new CBN Governor, Godwin Emefiele
Acting governor Sarah Alade on Tuesday officially handed over to the new governor of the Central Bank of Nigeria, Godwin Emefiele, with the immediate task of protecting a weak naira.
With government spending also expected to rise ahead of next year’s presidential election, the new governor will have no room to let up on monetary policy and will have to raise interest rates at some point over the next year, analysts say.
Emefiele’s appointment follows the departure of Lamido Sanusi, who was suspended by President Goodluck Jonathan in February.
Emeifele is the immediate past Group Managing Director of Zenith Bank Nigeria Plc with over 20 years of banking management experience.
He is a 1984 graduate of Banking and Finance from University of Nigeria, Nsukka and has an MBA Degree in Finance in 1986 from the same University.
He is also an alumnus of Executive Education from Stanford University, California; Harvard University (2004) and Wharton Graduate School of Business (2005).
According to NAN, Emefiele, will give a press conference at 10am on Thursday.
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| IMAGE by Central Bank of Nigeria |
Emefiele’s appointment follows the departure of Lamido Sanusi, who was suspended by President Goodluck Jonathan in February.
Emeifele is the immediate past Group Managing Director of Zenith Bank Nigeria Plc with over 20 years of banking management experience.
He is a 1984 graduate of Banking and Finance from University of Nigeria, Nsukka and has an MBA Degree in Finance in 1986 from the same University.
He is also an alumnus of Executive Education from Stanford University, California; Harvard University (2004) and Wharton Graduate School of Business (2005).
According to NAN, Emefiele, will give a press conference at 10am on Thursday.
Sarah Alade, Formally Hands Over to new CBN Governor, Godwin Emefiele
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