• Seeks Senate confirmation 

BY EDMOND ODOK, ABUJA – President Muhammadu Buhari has sent the name of Dr Kingsley Isitua Obiora to the Senate for confirmation as Deputy Governor of the Central Bank of Nigeria (CBN).

In a letter to the Senate President, Ahmad Ibrahim Lawan, President Buhari said the nomination was in accordance with the provision of Section 8(1) (2) of the Central Bank of Nigeria (Establishment) Act 2007.

Femi Adesina, Special Adviser to the President on Media and Publicity, said in a statement that upon confirmation by the Senate, Dr Obiora will replace Dr Joseph Nnanna, who retires from the apex bank on February 2, 2020.

The statement said Dr Obiora holds a Bachelor’s degree in Economics and Statistics from University of Benin, a Masters in Economics from University of Ibadan, and a Doctorate in Monetary and International Economics, also from University of Ibadan.

Obiora is currently an Alternate Executive Director in the Africa Group One Constituency of the International Monetary Fund (IMF) in Washington DC, USA.

He joined the Fund as an Economist in 2007 and has worked on various countries in Europe, Africa, and Asia. Also, Obiora has undertaken extensive work on exchange rate assessment, debt sustainability analyses, decoupling and spillovers, as well as review of financial sector assessments.

Prior to that, he worked at the Centre for Econometric and Allied Research, University of Ibadan, and at the West African Monetary Institute (WAMI) in Accra, Ghana.

Between October 2011 and July 2018, he took leave from the IMF to work with the Nigerian Government, first as Special Assistant to the President’s Chief Economic Adviser and Technical Adviser to the National Economic Management Team (NEMT) for two and a half years; and later as Special Adviser on Economic Matters to the CBN Governor for four years.

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