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    Ex-CBN director lauds Buhari for reappointing Emefiele

    Chronicle EditorBy Chronicle EditorMay 10, 2019No Comments2 Mins Read
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    EFCC asks court to dismiss Emefiele’s move to stop seizure of $2.04m
    EFCC asks court to dismiss Emefiele’s move to stop seizure of $2.04m
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    CBN Governor Godwin Emefiele
    CBN Governor Godwin Emefiele

    A former Director of the Budgetary Department of the CBN, Dr Titus Okunronmu, has commended President Muhammadu Buhari for re-appointing Mr Godwin Emefiele as governor of the apex bank.

    Okunronmu gave the recommendation in an interview with NAN at Ota in Ogun on Friday.

    He described Emefiele’s re-appointment as a decision in the right direction, saying that the re-appointment would stabilise Nigeria’s macro-economic decisions.

    The former CBN director said that Emefiele had done well, noting that “the country’s inflation rate is drastically coming down.

    “He has achieved what it expected of him as the nation’s currency is now stable,’’ said Okunronmu.

    “Monetary stability is a major issue in any economy. Emefiele has achieved this.’’

    Okunronmu said that it would be difficult to achieve monetary stability in a situation where the nation was running on deficit, noting that to have stabilised the monetary policies was a big achievement.

    READ: Bandits weapons manufacturer, logistics supplier arrested

    A letter for Emefiele’s tenure renewal was signed by Buhari on May 8 and has since been sent to the senate for confirmation.

    The CBN Act stipulates that the senate must confirm the nomination of any of its governors before the appointment can take effect.

    This is the first time since 1999 that a CBN governor would be nominated to serve a second term.

    Emefiele was first appointed in 2014 by former President Goodluck Jonathan and was retained by Buhari when the president assumed office in 2015.

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    Troops nab 25 suspected bandits, kidnappers along Benue highway 

    Troops nab 25 suspected bandits, kidnappers along Benue highway 

    July 2, 2025
    Mark says Tinubu’s govt hijacking democracy, fueling poverty, insecurity

    Mark says Tinubu’s govt hijacking democracy, fueling poverty, insecurity

    July 2, 2025
    Staff members of the Federal Capital Territory Administration, FCTA, under the Joint Union Action Committee, JUAC, ended their three-day protest on Wednesday.

    FCTA workers end protest, issue 21-day ultimatum

    July 2, 2025
    Mexico uncovers over 400 corpses in 'house of error'

    Mexico uncovers over 400 corpses in ‘house of horror’

    July 2, 2025
    Minister for Justice and Attorney-General Abubakar Malami EFCC assets

    Ex-AGF Malami dumps APC, joins ADC, cites national decline

    July 2, 2025
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