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President Muhammadu Buhari has nominated Dr Kingsley Obiora as Deputy Governor of the Central Bank of Nigeria (CBN), according to a State House statement on Thursday.

In the statement signed by the Special Adviser on Media and Publicity, Femi Adesina, the nominee’s name has already been forwarded to the President of the Senate, Ahmed Lawan, for confirmation by the Senate.

It reads, “President Muhammadu Buhari has sent the name of Dr Kingsley Isitua Obiora to the Senate for confirmation as Deputy Governor of the Central Bank of Nigeria.”

In a letter to President of the Senate, Ahmad Ibrahim Lawan, President Buhari said the nomination was in accordance with the provision of Section 8(1) (2) of the Central Bank of Nigeria (Establishment) Act 2007.

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Dr Obiora, upon confirmation by the Senate, is expected to replace Dr Joseph Nnanna, who retires on February 2, 2020.

What you need to know about Obiora:  Obiora holds a Bachelor’s degree in Economics and Statistics from the University of Benin, a Masters in Economics from the University of Ibadan, and a Doctorate in Monetary and International Economics, also from the University of Ibadan.

He is currently an Alternate Executive Director in the International Monetary Fund in Washington DC, United States of America.

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Since he joined the global lender as an Economist in 2007, Obiora has worked in various countries in Europe, Africa, and Asia.

While on leave from the IMF, he worked with the Nigerian Government as Special Assistant to the President’s Chief Economic Adviser and Technical Adviser to the National Economic Management Team.

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He also worked as a Special Adviser on Economic Matters to the Governor of the Central Bank of Nigeria. All between October 2011 and July 2018.

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