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.

Godwin Emefiele
Governor of the Central Bank of Nigeria
Assumed office
3 June 2014
Preceded bySarah Alade (Acting)[1]
Personal details
Born (1961-08-04) 4 August 1961 (age 60)
Agbor, Delta State, Nigeria.
NationalityNigerian
Spouse(s)Margaret Emefiele
Children2
Alma materUniversity of Nigeria, Nsukka
ProfessionBanker

EducationEdit

Emefiele attended primary education in Government Primary School, Victoria Island (formerly Ansar-U-Den Primary School, Igbosere), Lagos. He completed his primary education in 1973, and thereafter proceeded to Maryland Comprehensive Secondary School, Ikeja, Lagos, graduating in June 1978 with a West African School Certificate (WASC). Furthermore, Emefiele holds a B.Sc. degree in Finance (1984)[3] and an MBA in Finance (1986), both from the University of Nigeria, Nsukka. 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 sectorEdit

Early in his career, Emefiele lectured finance and insurance at the University of Nigeria Nsukka, and University of Port Harcourt, respectively.

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 BankEdit

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, 2019.

Other activitiesEdit

  • 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]

External linksEdit

Godwin Emefiele Official Website

See alsoEdit

ReferencesEdit

  1. ^ https://www.cbn.gov.ng/aboutcbn/TheBoard.asp?Name=Dr.+Sarah+Alade+(OON)&Biodata=alade
  2. ^ "Profile of Godwin Emefiele, new CBN GOV". Vanguard (Nigeria). 20 February 2014. Retrieved 20 February 2014.
  3. ^ CNN.com
  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. 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).