Emefiele: Igbos laud re-appointment of CBN governor

- President Muhammadu Buhari has been commended for the reappointment of Godwin Emefiele as the governor of Central Bank of Nigeria

- The Igbos In Nigeria Movement said the development has shown the president's undaunted commitment to issues of economy and security rebirth of Nigeria

- INM said Emefiele’s track records showed his deftness in pulling back and stabilizing an economy in recession, hence, his reappointment by President Buhari

Igbos in Nigeria Movement’s (INM) has commended President Muhammadu Buhari for reappointing Godwin Emefiele as the governor of Central Bank of Nigeria (CBN).

The group described the development as President Buhari’s undaunted commitment to issues of economy and security rebirth of Nigeria.

The president of the group, Ifeanyi Igwe, speaking at a press conference in Abuja said following President Buhari’s renewed commitment in fully regenerating Nigeria in all sectors, INM has no hesitation than to pledge total support and loyalty to his administration.

Igwe said Emefiele’s track records showed his deftness in pulling back and stabilizing an economy in recession, hence, his reappointment by President Buhari.

He said the reemergence of Emefiele as the CBN governor has dissolved the baseless accusations of favoritism and cleared all doubts that President Buhari is not nepotistic, tribalistic, sectional or even worse.

Igwe said Emefiele's reappointment has rekindled the trust and confidence of INM in the administration and leadership of President Buhari he said has scaled through all the parameters of doubts and showcased himself consistently as the best leader to ever emerge in Nigeria.

He said: "Emefiele’s track records showed his deftness in pulling back and stabilizing an economy in recession; the imposition of financial discipline in the banking sector, which saw a drastic reduction in frivolous loan approvals and launching of a regime of stable economic monetary policies even in the face of crashed crude oil revenues."

"INM is excited with Mr. President for recognizing Emefiele’s financial management expertise which has stabilized the Naira at N360/$1 for the past two years, from N520/$1 in 2017 at the open market," Igwe said.

He also noted that Emefiele's initiative of innovative Investors and Exporters Window pegged at $25 billion, liberalized official transactions of forex as it tends to be a great lifeline injected into the ailing economy that contributed immensely to its resuscitation.

"With President Buhari’s renewed commitment in fully regenerating Nigeria in all sectors, INM has no hesitation than to pledge total support and loyalty to his administration. It is our desire to see a prosperous nation and President Buhari has dispensed himself these past years as a leader extremely and religiously committed to this mission, who deserves our support.

"Therefore, INM hereby promises that Igbos will work assiduously hard to ensure every sector and program is supported handsomely and unflinchingly to get the desired results as intended by Mr. President for the good of Nigeria and Nigerians," Igwe concluded.

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Meanwhile, Legit.ng previously reported that President Buhari on Wednesday, May 9, nominated Godwin Emefiele for a second term as governor of CBN.

The Senate president Bukola Saraki also confirmed receiving the letter for the renewal Emefiele's tenure from President Buhari.

By the CBN Act, the Senate must confirm the nomination before it can take effect.

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Source: Legit