ABUJA, May 17,
(Xinhua/GNA) - The Nigerian Senate has confirmed the re-appointment of Godwin
Emefiele, the country's central bank governor, for a second term in office.
was appointed as governor of the Central Bank of Nigeria (CBN) on June 2, 2014,
is due to end his first term on June 2, 2019.
Muhammadu Buhari had, on May 8, written a letter to the Senate on his
reappointment of Emefiele for a second term of five years as the apex bank's
The Senate in
their resolution hailed Emefiele for understanding the diverse economy of the
country and "for displaying a profound knowledge of the continuous
existence of the country's economic stability, including performing creditably
in his first tenure which resulted to the exit of the nation out of its worse
economic recession in over two decades."
governor also maintained a stable interest rate and ensured effective
management of the foreign exchange regime at the time as he initiated and
established several policies and programs which have a positive effect on the
economy, the Senate added.