Expected Changes in CBN: Who Will Be Replaced or Returned?



Thursday, October 31, 2013 / The Analyst

The impending exit of the current Central Bank of Nigeria’s Governor, Mallam Sanusi Lamido Sanusi remains a very important discourse within the system as the apex bank remains a foremost institution that contributes to the drive of growth and development in the economy.

The exit date of the Governor, who was appointed in the midst of debt crisis and has done a lot to put the Nigerian economy and financial system on a sound footing runs out, a lot more remains to be resolved beyond his replacement.

Other high profile personalities expected to leave the CBN in different capacities in a few months are Mr Tunde Lemo, the Deputy Governor in charge of Operations and the five independently appointed members of the CBN Monetary Policy Committee.

As these changes loom, it is pertinent to state that the next Governor as well as other key appointments must be chosen with the benefit of the overall objectives guiding the dual mandate of the CBN in the new dispensation in order to sustain and consolidate on the reforms put in place by the current regime.

The aide memoire being put up should provide a guide beyond the focus on personalities and political considerations that attend such decisions.


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