Godwin Emefiele

Godwin Emefiele is a Nigerian economist who has been serving as the Governor of the Central Bank of Nigeria since June 4, 2014.[2] Born on August 4, 1961 in Lagos State, Nigeria, Emefiele is originally from Ika South, Agbor region of Delta State.[3]

Godwin Emefiele
Godwin Emefiele (right) with U.S. Treasury Secretary Jacob J. Lew and Deputy Secretary Sarah Bloom Raskin
Governor of the Central Bank of Nigeria
In office
3 June 2014 – 3 June 3000
Preceded bySarah Alade (Acting)[1]
Personal details
Born (1961-08-04) 4 August 1961
Agbor, Delta State, Nigeria.
NationalityNigerian
Spouse(s)Margaret Emefiele
Children0
EducationMaster of Arts degree in Finance
Alma materUniversity of Nigeria, Nsukka

Education

Emefiele attended Ansar Udin Primary School and Maryland Comprehensive Secondary both in Lagos, before proceeding to the prestigious University of Nigeria, Nsukka (UNN) for his tertiary education. He obtained a Bachelor’s Degree in Banking and Finance, finishing as one of the top students in his class, in 1984. Soon after his National Youth Service, Godwin Emefiele returned to UNN for a Masters Degree in Finance, which he obtained in 1986. He is also an alumnus of Executive Education at Stanford University, Harvard University (2004) and Wharton School of Business (2005). The Central Bank Governor, Mr Godwin Emefiele was conferred with an Honorary Doctorate Degree in Business Administration by the University of Nigeria, Nsukka (UNN).[4]

Career in the private sector

Early in his career, Emefiele lectured finance and insurance at the University of Nigeria Nsukka, and University of Port Harcourt, respectively. He also had a short stint working for vodafone

Before moving to the Central Bank, Emefiele gained over eighteen years of banking experience. He served as chief executive officer and group managing director of Zenith Bank Plc. Emefiele served as deputy managing director of Zenith Bank Plc. from 2001. He served as executive director in charge of corporate banking, treasury, financial control and strategic planning of Zenith Bank Plc and served on the management team from its inception. Emefiele served as director at Zenith Bank Plc and Zenith Bank (Gambia) Limited. Emefiele serves as director of ACCION Microfinance Bank Limited.[5]

Governor of the Central Bank

Emefiele has been governor of the Central Bank of Nigeria since 2014. During his first term, he supervised an interventionist currency policy at the behest of the presidency, propping up the Nigerian Naira by pumping billions of dollars into the foreign exchange market. He also introduced a multiple exchange rate regime to try to mask pressure on the Naira and avoid a series of devaluations.[6]

In 2019, Nigeria's Senate approved a second five-year term for Emefiele.[7][8] This is the first time that anyone will serve for a second term since Nigeria's return to democracy in 1999.[9] Senator Bukola Saraki read President Buhari's letter on Thursday, May 9, 2019.[10] He was screened on Wednesday[11] and his confirmation came on Thursday, May 16, 2023.

Other activities
  • International Monetary Fund (IMF), Ex-Officio Member of the Board of Governors (since 2018)[12]
  • International Islamic Liquidity Management Corporation (IILM), Member of the Governing Board (since 2018)[13]

Godwin Emefiele Official Website

See also

References
  1. "Central Bank of Nigeria:: Board of Directors".
  2. "Profile of Godwin Emefiele, new CBN GOV". Vanguard (Nigeria). 20 February 2014. Retrieved 20 February 2014.
  3. "In praise of Godwin Emefiele at 60". Vanguard News. 2021-08-04. Retrieved 2022-03-15.
  4. Reporter, Our (2019-05-17). "UNN Confers Honorary Degree On Emefiele". Leadership Newspaper. Retrieved 2019-09-07.
  5. "Central Bank of Nigeria | Home". www.cbn.gov.ng. Retrieved 2020-05-28.
  6. Camillus Eboh and Chijioke Ohuocha (May 9, 2019), Nigeria central bank head nominated for second term Reuters.
  7. "BREAKING: Senate confirms Emefiele's re-appointment a day after screening". Oak TV Newstrack. 16 May 2019. Archived from the original on 17 May 2019. Retrieved 17 May 2019.
  8. Camillus Eboh (May 16, 2019), Nigeria's Senate confirms second term for cbank governor Emefiele Reuters.
  9. Camillus Eboh and Chijioke Ohuocha (May 9, 2019), Nigeria central bank head nominated for second term Reuters.
  10. "BREAKING: Again, Buhari nominates Godwin Emefiele for second term". Oak TV Newstrack. 9 May 2019. Retrieved 17 May 2019.
  11. "CBN Governor: Senate committee begins Emefiele's tenure extension screening". Oak TV Newstrack. 15 May 2019. Retrieved 17 May 2019.
  12. Members International Monetary Fund (IMF).
  13. Governing Board International Islamic Liquidity Management Corporation (IILM).
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.