Emefiele Sworn In For Second Tenure

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Mr Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN), was yesterday sworn in for a second tenure. According to a statement by the Director Corporate Communications, Mr Isaac Okoroafor, Emefiele was sworn in by the Bank’s Secretary and Director, Corporate Secretariat Department, Mrs Alice Karau.

The apex bank chief after taking the oath, expressed gratitude to God, President Muhammadu Buhari for nominating him and the National Assembly for confirming his reappointment. He disclosed that he will unfold a new roadmap for the Bank and the economy, in the days ahead.

The CBN governor also reiterated the bank’s focus to play an active role in supporting job and wealth creation in Nigeria. “We must strengthen our efforts over the coming years to stimulate growth and job creation in critical sectors of the economy, which will help insulate our economy from shocks in the global economy. “We must also work to build a healthy and stable financial system that will contribute to the growth of our economy while preserving price stability,” he said. He asserted that the pace of Gross Domestic Product (GDP) growth remained fragile and was below the rate of Nigeria’s annual population growth at 2.7 per cent. Emefiele, therefore, pledged that the CBN would continue to collaborate with the fiscal authorities to strengthen growth and wealth creation in the country.