A multiplicity of reports emerged this evening concerning CBN Governor Godwin Emefiele and his continued stay at the apex bank.  

While Reuters and some local media reports suggest Emefiele may commence terminal leave this month, a few others maintain nothing of such had occurred.

The CBN either through its spokesman or social media handles is yet to react to this.  

Bua group

Reports which emerged last week had indicated that Deputy Governor Aishah Ahmad and seven others had been shortlisted for the job.  

Ahmad is among eight likely candidates on queue to take over the apex bank’s top job from Emefiele.

The other eminent Nigerians being thought fit for the job include Professor Soji Adelaja, Mohammed Dikwa, Bismarck Rewane, Umaru Abdul Mutallab, Obadiah Mailafia, Bello Maccido, Adesola Adeduntan, and Access Bank GMD Herbert Wigwe. 

Why it matters 

The role of the CBN Governor is one of the most prestigious office to hold in the world of banking and finance. No CBN Governor has done more than one term since democracy was ushered in 1999.

As the Buhari government awaits renewal of a new term in office, the next CBN Governor will likely continue the monetary policies of the current CBN Governor.

Incidentally most of these policies align with the vision of the government. Buharinomics is largely characterized by high import tariffs, capital controls, support for local production and lending to small and medium scale farmers.

Coronation Research

The next governor who is also expected to get passed a partisan Senate is largely expected to tow in line with the vision of the government.

Is it time for a female CBN Governor?

Emefiele’s likely exit could lead to a new CBN Governor, and Deputy Governor Aishah Ahmad is reportedly one of several candidates shortlisted. Nigeria has never had a female CBN Governor.

 

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