Buhari Nominates IMF Executive Director As New CBN Deputy Governor

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 (CBN). President Buhari, in a letter to the Senate President, Ahmad Ibrahim Lawan, 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.

A statement issued on Thursday by the Presidential spokesperson, Femi Adesina, said the nominee is currently an Alternate Executive Director in the International Monetary Fund (IMF) in Washington DC, United States of America.