Prof. Uche Uwaleke, Professor of
Finance and Capital Markets, Nasarawa State University, Keffi said the
reappointment of Godwin Emefiele as Governor, Central Bank of Nigeria (CBN) was
in the best interest of Nigeria’s economy.
Uwaleke said this on Thursday in
Abuja.
He said he was not surprised that
Buhari reappointed Emefiele for another five years as his tenure was
successful, especially in the areas of financial stability, inflation and
sectoral interventions.
“In my opinion, Emefiele has done
enough to deserve a reappointment.
”The bank has the mandate of
maintaining price stability and it has done well in maintaining exchange rate
prices.
“Also, you will agree with me
that inflation has seriously moderated. Also, the CBN has not done badly in
terms of interest rates.
“I believe that the reappointment
is also a good signal to the international investors in the areas of policy
consistency, which will encourage them to come in and invest more,” he said.
Uwaleke said that going forward,
he would like Emefiele to focus more on interventions to Micro Small and Medium
Enterprises (MSMEs).
“In his second term, I will like
him to ensure that MSMEs have more access to long term credit and the fiscal
authority should compliment his efforts.
“I also expect him to step up his
intervention efforts in the economy, particularly the Anchor Borrowers
Programme,” he said.
Emefiele who is the 11th CBN
Governor, began his five-year tenure on June 3, 2014. His reappointment makes
him the first CBN governor to get a second term.
Before his appointment in 2014,
Emefiele was the Managing Director, Zenith Bank Plc and before that, he
lecturerd at the University of Nigeria Nsukka and the University of Port
Harcourt.
He holds a B.Sc. and an MBA in
Finance from the University of Nigeria, Nsukka.
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