Senate Confirms Godwin Emefiele
The Senate of the Federal Republic of Nigeria on Thursday confirmed the reappointment of Mr Godwin Emefiele as Governor of the Central Bank of Nigeria (CBN).
The CBN Governor’s confirmation followed the adoption of the report of the Senate Committee on Banking, Insurance and other Financial Institutions presented by Senator Rafiu Adebayo during Thursday’s plenary.
The Senate President, Dr Bukola Saraki urged the CBN governor to use his second term to improve Nigeria’s economy.
“On behalf of the Senate, let me congratulate the Governor of the Central Bank, Mr Godwin Emefiele on the renewal of his appointment.
“We wish him a useful tenure, and may he use this opportunity to continue to provide support to ensure that the economy of our country continues to improve and address the important area of ensuring micro-economic stability,” Saraki added.
Emefiele had on Wednesday during his screening at the senate said Nigeria’s economy has performed poorly in the last couple of years, warning that the road ahead for Nigerians is rough and tough.
“The country has receded,” Emefiele was quoted to have said by The Guardian.
“I thank you for praying for me because we need it. I say this because the road ahead is still rough and very tough. But I want to appeal to all Nigerians that a time comes in the history of a country where you have to learn to respect the policies and laws of a country.
“Part of the problem that we have seen in Nigeria is lack of respect for the policies of this country. Nigeria is very good at putting in place policies that are sound and workable, but implementation has always been almost zero. And it is arising because we see sabotage activities.
“We see people, when policies are made, when they pick up the pieces of paper about the policy, what they think about is how do we circumvent this policy? And that is why I said pray for us because the road ahead is still rough,” Emefiele added.