Emefiele Resume 2nd Term as Nigeria’s CBN Governor, To Showcase New Roadmap for Financial Sector, Economy

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Following the reappointment of Godwin Emiefele as the Central Bank of Nigeria Governor, he has disclosed that he would unfold a new road map for the bank and the economy in the days ahead, after a series of consultations with critical stakeholder groups.

Emefiele said this after he was received into the bank by the four deputy governors and members of staff at the venue of the oath-taking ceremony.

In his remarks after the ceremony, the governor expressed gratitude to God and Buhari, for nominating him; and the Senate for confirming his appointment, Punch Newspaper reported.

He also thanked the management, members of staff and the media for all their support during his first term in office.

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

Emefiele also reiterated the goal to make the CBN more people-focused, adding that the bank remained resolute in the belief that it must play an active role in supporting job and wealth creation in Nigeria.

In reviewing the various efforts taken by the bank to reduce weaknesses in the Nigerian financial system as well as support the productivity of the Nigerian economy, 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 pledged that the bank would continue to collaborate with the fiscal authorities to strengthen growth and wealth creation in the country.

Emefiele stated, “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 contributes to the growth of our economy while preserving price stability,” he added.

Meanwhile, the CBN governor is expected to address a world press conference next week, where he will unfold a new road map for the CBN and the economy.

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