Dr Kingsley Obiora
Dr Kingsley Obiora

Kingsley Obiora To Become CBN Deputy Governor

Eludoyin Oluwanisola

Dr Kingsley Obiora, alternate executive director at Washington DC office of the International Monetary Fund (IMF), has been nominated by President Muhammadu Buhari as the next deputy governor of the Central Bank of Nigeria (CBN).

In a statement by Mr Femi Adesina, Special Adviser to the President on Media and Publicity, the president’s nomination was in accordance with the Constitution and if affirmed by the Senate, Obiora will replace Dr Joseph Nnanna, who is retiring in February.

“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.

“In a letter to President of the Senate, 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.

“Dr Obiora, upon confirmation by the Senate, replaces Dr Joseph Nnanna, who retires on February 2, 2020.

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

“He is currently an Alternate Executive Director in the International Monetary Fund (IMF) in Washington DC, United States of America,” the statement read.

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