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The appointment of Olayemi Cardoso as Governor of the Central Bank of Nigeria can be seen as a move by the Federal Government to translate her desire for efficient economic management of the country’s resources by allowing competent Nigerian technocrats...
Whenever Nigerians talk about FDI, they think that its constituent factors reside only within the purview of the CBN. The CBN governor must not close his eyes on the numerous intervening issues that affect the delivery of a consistent monetary policy flow, which can be referred so many times as interventions. There will not be a free-flow of monetary policy objectives if unnecessary cracks persist along the line of forex flow.
The governor must try to resolve the issues around the debt management records so that Nigerians will know who to listen to in terms of the country’s debt position. Originally Debt Management was a department under CBN. When it became a stand-alone agency or commission of government, its activities were understandable. Now that it has been returned to the Ministry of Finance, the CBN still functions as if it is in-charge of its activities.
Reading through the first paragraph of an article titled, “Balarabe Ilelah: A Square Peg In A Round Hole” published in The Guardian issue of Sunday October 8, 2023, one might be tempted to think that it was written with pure motives. Oftentimes, the mere mention of the word corruption, invokes conflicting emotional reactions from different people depending on the context. For some, corrupt people are, in the Tartarean hierarchy of extreme decadence and iniquity, second only to Beelzebub...
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