Monday, June 2, 2014

#CBN: Expectations high as Emefiele assumes office as CBN boss

Godwin Emefiele CBN Gov

Nigerian business com­munity has been speaking on its expec­tations as the new Central Bank of Nigeria (CBN) gov­ernor, Mr. Godwin Emefiele, assumes office tomorrow June 3, 2014, as its substan­tive helsman.
Emefiele, who is coming from Mainstream bank after over 24 years of active practice will have his...
hands full with monetary policy and admin­istrative challenges left by the controversial suspension of his predecessor, Mallam Lamido Sanusi
But despite such challenges many believe that Emefiele is the right man for the job. His effort taking Zenith Bank to the enviable height it stands today clearly speaks volumes about his professional competence, even though the leadership of the CBN is a different kettle of fish that would certainly pose headache to the governor-designate.
But ahead of his assump­tion, Nigerians, including economy and financial experts have been setting agenda and expectations for the new CBN governor to build on the suc­cesses recorded by his prede­cessor, especially in attaining a workable monetary policy, ensure the gains of price and exchange rate stability are pre­served and therefore maintain the previous regime’s hawkish stance.
They expect, for instance, that he should bring on board policies that will stimulate the economy and create jobs.

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