Nigeria’s CBN Governor Emefiele Emerges African Central Banks President


Nigeria (Blank NEWS Online) – 

Emefiele

Emefiele


The Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, has been elected President of the Association of African Central Banks (AACB).

Emefiele, who was elected by the Assembly of Governors of AACB at its 39th Ordinary meeting on August 19 in Abuja, will server as President of the AACB for the 2016- 2017 year.

The meeting of the Council of Governors was preceded by a Symposium which was officially opened by President Muhammadu Buhari on August 18, 2016, with the theme “Unwinding Unconventional Monetary Policies: Implications for Monetary Policy and Financial Stability in Africa”.

In his opening speech, the President stressed the need to strengthen the economic and monetary integration of Africain an international environment characterized by weak global demand, budget deficits, increasing public debt and illicit capital flows.

The Assembly of Governors of the AACB, however examined the state of implementation of the African Monetary Cooperation Programme (AMCP) and called on countries to strengthen efforts at implementing structural reforms, in order to diversify their economies, improve the business environment and promote intra-regional trade,

The Bureau of the AACB for this period comprises:

• Governor of the Central Bank of Nigeria, President of the AACB;

• Governor of the Bank of Ghana, Chairman of the West African Sub-region;

• Governor of the Central Bank of Mauritania, Chairman of the North African Sub-region;

• Governor of the Bank of Central African States, Chairman of the Central African Sub-region;

• Governor of the Banque de la République du Burundi, Chairman of the East African Sub-region;

• Governor of the Central Bank of the Kingdom of Swaziland, Chairman of the Southern African Sub-region;

• The nomination for Vice President of the AACB which comes from the Southern African Sub-region would be communicated later.

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Nigeria (Blank NEWS Online) – 
E.I.C: Albert Eruorhe Ograka

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