The financial expert and strategist, Opeyemi Agbaje, has allayed the fears of Nigerians in certain quarters that the election of General Muhammadu Buhari as the new president will lead to the removal of the governor of the Central Bank of Nigeria, Godwin Emefiele, who was appointed last year by President Goodluck Jonathan.
Agbaje, who is the chief executive officer of RTC Advisory Services Limited, said the incoming administration will only affect some structural changes that may fit its plans and aspirations, instead of removing the CBN governor from office.
He said the CBN will still be the same under Buhari but it may come under pressure for closer scrutiny from the executive. “By and large, I do not expect a radical change in banking supervision under Buhari” Agbaje said in an interview on the sidelines of the launch of two books in commemoration of his 50th birthday in Lagos at the weekend.
The books written by Agbaje which were presented at the ceremony are: “Uncomplex Strategy “and “Democracy without Democrats.”
At the event titled Business Strategy in Nigeria, Agbaje mederated a panel discussion. The panelists, Rasheed Olaoluwa, the managing director of Bank of Industry, Tosin Runsewe, the group chief executive officer of the Mansard Group, Adedoyin Odunfa, the managing director of Digital Jewels Limited, and Mezuo Nwuneli, the managing director of Sahel Capital and AACE Foods Limited, all gave Nigerians hope of a better future considering activities being carried out by their respective organisations.
Rasheed Olaoluwa said BoI, as a development bank, is wired to render unhindered financial services and extension of loan facilities to Nigerians who intend to start or expand their own business.
He said Nigerian banks are safer now than ever before, as most of them now undertake large ticket transactions which was not the same 10 years ago. “A lot of banks in the country have become very strong. They are stronger in many aspects, in corporate governance, risk management and core banking. All these helped improved banking in the country as banks now face transactions in the region of billion dollars,” he said
Meanwhile, after the victory of the All Progressives Congress candidate General Muhammadu Buhari in the presidential poll, the naira has begun to stabilize.
READ MORE: http://www.naij.com/416689-how-buharis-govt-will-affect-cbn.html
0 comments: