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Emefiele confident in Obiora”s abilities to energize economic stability

Central Bank of Nigeria governor, Godwin Emefiele says he is confident that Kingsley Obiora who has now resumed as the new apex bank Deputy Governor woould bring in Monetary policy ideas which would help bring stability in the overall econmoy.

Speaking for the first time since Obiora’s appointment and confirmation as CBN New DG Economic Policy, Emefiele said his wealth of experience was needed particularly at this time to ensure stability in the Nigerian economy.

Obiora assumed duties on Tuesday replacing Okwu Joseph Nnanna, who exited from the Bank on February 2, 2020.

Congratulating the new DG, Emefiele urged him to go beyond upholding the interest of the CBN to that of the entire Nigerians, majority of who he said desired positive impact in their daily lives.

Alluding to Obiora”s youthfulness and some new Directors in the CBN, Emefiele said deliberate effort is being made by the Management to assign more rroles to the youths, who according to him have energy that must be put to positive use for the good of country

He urged all CBN and other stakeholders to work together to enable the Bank to achieve monetary and developmental objectives,

Emefiele charged them to strive to etch their names in the annals of the Bank as having contributed their quota to the overall development of the country.

In his remarks after subscribing to the relevant oath administered by the CBN Board Secretary and Director, Corporate Secretariat Department, Alice Karau, Obiora said he is glad o be back at the CBN.

He promised to add value to the processes even as he solicited the cooperation of all in achieving his tasks.

Obiora was nominated Deputy Governor of the Central Bank of Nigeria on January 16, 2020 by President Muhammadu Buhari, an appointment which was later confirmed by the Senate.

Obiora holds a Bachelor’s degree in Economics and Statistics from the University of Benin, as well as a Masters degree in Economics and a doctorate degree in Monetary and International Economics from the University of Ibadan, both from the University of Ibadan.

Prior to him his new job at the CBN,, he was an Alternate Executive Director iat the International Monetary Fund (IMF) in Washington DC.

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