OPINION BY MATTHIAS ADEYEMI: The ideal central bank governor | TheCable
People have been speculating about Godwin Emefiele’s potential successor as CBN governor since murmurs of his interest in becoming president of Nigeria turned into open discussions and loud noises.
Given this working definition, the CBN’s daily obligations and objectives, and the looming uncertainty surrounding Mr Emefiele’s future, I believe the next governor of the CBN should be someone who has the necessary training, experience, and exposure to do exactly what central banks were created to achieve.
A commercial banker serving as CBN governor would also have the potential for divided loyalty. Regulating deposit money banks is one of the CBN’s primary responsibilities, however, a governor who was chosen from a DMB will have to resist the temptation to favour their former employers and to create policies that may benefit the banks but not necessarily the general public.
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