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CBN governor Emefiele begins second term

, Governor of the (), on Monday, 3rd June, sworn in for his second term.

Okay.ng reports that the Senate confirmed Emefiele following his reappointment by President Muhammadu Buhari.

Isaac Okoroafor, Director Corporate Communications, disclosed in a statement on Monday, that he was sworn in by CBN’s Secretary and Director, Corporate Secretariat Department, Alice Karau.

Emefiele after taking the oath, expressed gratitude to God, President Muhammadu Buhari for nominating him and the Senate for confirming his appointment.

He also thanked the management and staff as well as the media for all their support during his first term in office.

Emefiele disclosed that he will unfold a new roadmap for the Bank and the economy, in the days ahead, after series of consultations with critical stakeholder groups.

He charged all stakeholders to strengthen efforts at building a healthy and stable system in the best interest of Nigeria.

The CBN governor also reiterated the bank’s focus to play an active role in supporting job and wealth creation in Nigeria.

He said: “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.”
Emefiele said more work still needed to be done in building a stronger economy for the benefit of all.

According to him, the pace of Gross Domestic Product growth remained fragile and was below the rate of Nigeria’s annual population growth at 2.7 per cent.

He, therefore, pledged that the CBN would continue to collaborate with the fiscal authorities to strengthen growth and wealth creation in the country.




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Muhammad A. Aliyu

Muhammad Ameer Aliyu, is a prolific journalist who joined Okay Nigeria in 2015 with the aim staying committed to bringing more positive growth to the digital news platform. He is the Senior editor at Okay Nigeria.

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