BEVERLY HILLS, May 9, (THEWILL) – President Muhammadu Buhari has nominated the Governor of the Central Bank Of Nigeria (CBN), Mr. Godwin Emefiele, for another term, according to a letter by the president to the Senate, which was read at the red chamber Thursday.
This is a major feat by Emefiele, who is helping Buhari revive Nigeria’s agricultural sector and wean it of its sole dependence on oil as source of revenue. No Governor of the apex bank has been retained in Nigeria in recent times.
THEWILL recalls that Emefiele was first appointed in 2014 by former president Goodluck Jonathan and was retained when Buhari came to office in 2015.
Before assuming the office of the CBN governor, the 57-year-old banker was the Group Managing Director of Zenith Bank Plc.
As CBN governor, Emefiele introduced various interventions to ensure that the naira was kept stable during the recession, including introducing a list of items for whose import foreign exchange was made unavailable.
That initial list of 41 items now contains 43 items.
He also introduced an investors and exporters window while directing banks to sell forex to customers over the counter for basic travel allowance (BTA), medical and education bills.
When confirmed by the Senate, Emefiele will serve as Governor for another five years.
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