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Friday, May 10, 2019

GODWIN EMEFIELE SET TO RETAIN POST AS CBN GOVERNOR. TO BECOME THE 1ST EVER CBN GOVERNOR TO SERVE 2 TERMS IN OFFICE.

Godwin Emefiele 

As it concerns the CBN Governorship position, it seems like it's already a done deal as the incumbent, in the person of Mr. Godwin Emefiele whose first term tenure is gradually winding down and would have elapsed come June 2019, which is just a few weeks away. With his renomination by President Muhammadu Buhari, it means he would be going for another 5 years in office again. Emefiele was 1st appointed 5 years ago by the then President Goodluck Azikwe Ebele Jonathan, GCFR, who had removed the then CBN Governor, who went on to become the current Emir of Kano, that's talking about the then Malam Sanusi Lamido Sanusi, who is now better addressed as Alhaji Muhammadu Sanusi II, HRM, the Emir of Kano.

Many names had popped up in speculation as the likely successor to Mr. Emefiele who prior to becoming the CBN Governor was the MD of Zenith Bank Plc. The reason why many had thought there was going to be a definite change of baton from Emefiele to another person was because none of those who had ever being in charge as the head honcho of the apex bank in Nigeria had ever lasted more than a tenure (first term). They have always been replaced after their first term & only term in office. So with his nomination again for the post by President Muhammadu Buhari, to retain Godwin Emefiele for a 2nd term. If the appointment should scale through, which it would, it would just amount to Emefiele breaking a record as the 1st ever CBN Governor to be retained to do a 2nd term of another 5 years.

Much as many had claimed that the CBN Governor was somewhat docile and had not really stamped his authority on his position and not done anything extraordinary for the Nigerian economy and fiscal policy to retain the post, it seems like the administration of President Muhammadu Buhari have seen in him, what most have not seen or have not being willing to see and not just that alone, there might just be many things that he has done, that have been quite positive and that have worked very well towards the economic policies of the administration, which has sold him very well. So things have worked well for the man not seen by many, to be overly ambitious and not seen to be desperate to want to retain the position. For Emefiele, it looks like he has given credence to the assertion that, good things comes to those who wait or that the patient dog, eats the fattest bone.

So as Emefiele retains his post, that just puts to bed the speculation of the likelihood of the 'FIRS boss', who also doubles as the 'Chairman of the Joint Tax Board', in the person of 'Mr. William Babatunde Fowler' and others also so speculated, taking over from him as the CBN Governor. Those who had tried to sell the idea of Mr. Fowler had thought that him coming on board the CBN was fantastic proposition. But now with the CBN post gone, maybe the super hardworking tax czar would now be considered for a ministerial position instead, as many are of the opinion that a change of baton might actually also be coming up at the FIRS too. 

1 comment:

Gbogbo Bigz Girlz said...

Congratulations sir. I said it, we need an Igbo CBN governor.