Emefiele Unveils Agenda June 5

Godwin Emefiele, the new CBN Governor is expected to unveil his agenda for the bank and the people of Nigeria at a maiden World Press Conference on Thursday, June 5, 2014, according to a statement from the bank.

Emefiele yesterday formally assumed duties at the Headquarters of the apex bank in Abuja.

His assumption of office as the CBN boss made him the tenth indigenous governor in the history of the apex Bank.

Emefiele, who was cleared by the Senate on Wednesday, March 26, 2014, arrived at the CBN Headquarters at 7.30 a.m. on Tuesday, to the warm embrace of the four Deputy Governors at the Bank and expectant members of staff, led by Dr. Sarah Alade, whose tenure as Acting Governor ended on Monday, June 2, 2014.

At the brief formal handing over ceremony, Emefiele thanked Alade and the other Deputy Governors for the stability in the bank.

Emefiele, immediate-past Group managing director of Zenith Bank Nigeria Plc,  brings along to his new role over 20 years of banking management experience.

Emefiele is a 1984 graduate of Finance and an MBA Degree in Finance in 1986, both from the University of Nigeria, Nsukka.

He is also an alumnus of Executive Education at Stanford University, Harvard University (2004) and Wharton Graduate School of Business (2005).

As Emefiele assumes office, he would be confronted with a lot of challenges such as the drop in fiscal buffers which had exposed the economy to vulnerabilities arising from both domestic and external shocks.