Appoint proactive CBN governor, VC tells FG
The Vice Chancellor of Lead City University, Ibadan, Oyo State, Prof. Kabiru Adeyemo, said the Central Bank of Nigeria needs leaders who can anticipate and respond to emerging challenges, leveraging technology and fostering a culture of continuous improvement.
Adeyemo said this during his address at the 23rd Annual Public Conference of Lead City Voices in conjunction with the Institute of Chartered Secretaries and Administrators of Nigeria, at Lead City University, Ibadan.
Speaking on "The Dynamics of Leadership in Fiscal and Monetary Policy: The Central Bank of Nigeria in Perspective", Adeyemo said, "The global economic landscape has been subject to various challenges and uncertainties, and in the face of such turmoil, the role of effective leadership in shaping fiscal and monetary policy cannot be overemphasized.
"The CBN is charged with the essential responsibility of maintaining financial stability, promoting economic growth and preserving the value of the national currency, the CBN must adopt forward-thinking policies that adapt to the realities of the global economy."
These were complex tasks that required exceptional leadership skills and a deep understanding of the economic landscape,” he said.
Adeyemo added: "Transparency and accountability are two fundamental pillars that underpin effective leadership.
"In order to build trust, CBN must be transparent in its decision-making processes and clearly communicate its policies and actions to the public."
He said accountability ensures that leaders are held accountable for their actions and decisions, fostering a culture of integrity and ethical conduct.
Speaking on monetary policy, particularly with regard to inflation targeting, Adeyemo suggested that the government should continue to maintain an inflation targeting framework to keep inflation within a predetermined range.
"This can help stabilize prices, promote economic stability and create an environment conducive to sustainable growth," he said.
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The Vice Chancellor of Lead City University, Ibadan, Oyo State, Prof. Kabiru Adeyemo, said the Central Bank of Nigeria needs leaders who can anticipate and respond to emerging challenges, leveraging technology and fostering a culture of continuous improvement.
Adeyemo said this during his address at the 23rd Annual Public Conference of Lead City Voices in conjunction with the Institute of Chartered Secretaries and Administrators of Nigeria, at Lead City University, Ibadan.
Speaking on "The Dynamics of Leadership in Fiscal and Monetary Policy: The Central Bank of Nigeria in Perspective", Adeyemo said, "The global economic landscape has been subject to various challenges and uncertainties, and in the face of such turmoil, the role of effective leadership in shaping fiscal and monetary policy cannot be overemphasized.
"The CBN is charged with the essential responsibility of maintaining financial stability, promoting economic growth and preserving the value of the national currency, the CBN must adopt forward-thinking policies that adapt to the realities of the global economy."
These were complex tasks that required exceptional leadership skills and a deep understanding of the economic landscape,” he said.
Adeyemo added: "Transparency and accountability are two fundamental pillars that underpin effective leadership.
"In order to build trust, CBN must be transparent in its decision-making processes and clearly communicate its policies and actions to the public."
He said accountability ensures that leaders are held accountable for their actions and decisions, fostering a culture of integrity and ethical conduct.
Speaking on monetary policy, particularly with regard to inflation targeting, Adeyemo suggested that the government should continue to maintain an inflation targeting framework to keep inflation within a predetermined range.
"This can help stabilize prices, promote economic stability and create an environment conducive to sustainable growth," he said.
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