The Senate of the Federal Republic of Nigeria has confirmed the Governor of the Central Bank of Nigeria, Godwin Emefiele, for another term.
President Muhammadu Buhari had last week nominated the CBN governor for second term.
Senate President Bukola Saraki had at a plenary last week read the letter sent to the Senate by Buhari which recommended Emefiele’s confirmation as CBN governor for second term.
Emefiele’s current tenure will expire on June 2.
The CBN governor was appointed by Ex-President Goodluck Jonathan in 2014.
His second tenure would expire on 2 June, 2024.
The Chairman of the Senate Committee on Banking, Finance, and other Financial Institutions, Rafiu Ibrahim, had presented the report o Emefiele’s screening to the senate on Thursday.
Senator Ibrahim stated that the committee was impressed with the CBN governor’s 32 years experience with outstanding performance.
He noted “that the nominee (CBN Governor Emefiele) understands the diverse economy of the country and has displayed profound knowledge of the continuous existence of our economy stability,” he said.
“That the nominee has performed credibly in his first tenure which resulted to the exit of the nation out of economic recession,” the lawmaker added.
Consequently, the senators unanimously agreed and confirmed Emefiele based on his performances in his first 5 years in office.