President Muhammadu Buhari has nominated Godwin Emefiele for a second term as governor of the Central Bank of Nigeria. Emefiele was first appointed in 2014 by former president Goodluck Jonathan and was retained when Buhari came to office in 2015. This is the first time since 1999, when Nigeria returned to democracy, that someone has been nominated to serve two terms as central bank governor.
For his sterling performance and the need to consolidate the economic gains of his first term, President Muhammadu Buhari has reappointed Mr Godwin Emefiele as Central Bank of Nigeria (CBN) governor for another term of five years.
Emefiele’s reappointment became public knowledge yesterday when Buhari forwarded his name to the Senate for confirmation.
The apex bank governor’s first term expires next month and to avoid a vacuum because of the sensitive nature of the office, the president promptly wrote a letter to the Senate to clear him for the job.
Emefiele was first appointed by former President Goodluck Jonathan in 2014 towards the last days of his administration. Before yesterday, there were speculations that Buhari may replace Emefiele as he plans to constitute another economic team for his second term in office.
All this was put to rest when the Senate President, Dr Bukola Saraki read out Buhari’s re-nomination of Emefiele on the floor of the Upper House yesterday.
In the letter, Buhari said: “In view of the expiration of his first tenure as governor of the Central Bank of Nigeria (CBN) in June 2019, and in pursuant to the provision of Section 81 (2) of the Central Bank of Nigeria Act, 2007, I hereby present for confirmation of the Senate, Mr. Godwin I. Emefiele for reappointment as the governor of the Central Bank of Nigeria (CBN) for the final term of five years.”
allafrica
