Tinubu's Presidency: Sanusi to Return As CBN Governor, Fresh Permutation Emerges
- There are strong indications that Sanusi Lamido Sanusi, the dethroned Emir of Kano state, may return as governor of Nigeria's apex bank, CBN
- Sanusi served as the governor of the CBN between 2009 and 2014, where he displayed strong discipline and independent leadership to sanitize the banking and financial system
- During his reign as CBN governor, the naira was able to retain a stabilised position of N155 to $1 for four years
There is an ongoing strong push to return the dethroned Emir of Kano, Sanusi Lamido Sanusi, as the governor of the Central Bank of Nigeria (CBN) as permutation to shape Tinubu's presidency continued to emerge.
Sanusi, who is an expert in risk management in the banking sector, is a strong ally of Kaduna state governor Nasir El-Rufai, who has a strong tie to Bola Tinubu, the president-elect, Vanguard reported.
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Will Tinubu return Sanusi as CBN governor?
Sanusi was the CBN governor between 2009 and 2014 and displayed a strong and independent leadership that brought about relative stability in the financial market, particularly after the commotion of the global financial crisis of 2008/2009.
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During his reign, the naira maintained a stabilized value between N155 to $1 for four years.
On the other hand, Tinubu is a seasonal accountant that is reportedly predisposed to a new monetary management template, coupled with a sound fiscal policy that can help in reviving the dying national economy as soon as he resumed office on May 29.
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Those pushing for Sanusi have seen him as a technocrat with credible credentials and a strong character that can sanitize the banking and financial sector.
Recall that the former Emir was suspended by former President Goodluck Jonathan after making shockwaves, alleging that $20bn (£12bn) was missing from the country's oil revenue.
Tinubu's presidency: Soyinka calls for full decentralization of power
Legit.ng earlier reported that Nigeria's foremost Nobel Laureate, Professor Wole Soyinka, has urged the incoming government to ensure that power is decentralized from the central.
Soyinka, in a veiled message to Bola Tinubu, the president-elect, demanded a detailed decentralisation of power to various tiers of government.
Prior to the 2023 general elections, many Nigerians, particularly from the southern part of Nigeria, have been calling for the restructuring of the country's system of government.
Source: Legit.ng
