Lamido Sanusi emerges best Central Bank gov again

Bassey Udo

Published: October 13,2013

Central Bank Governor, Lamido Sanusi

Mr Sanusi received the honor the third time.
Nigeria’s Central Bank governor, Lamido Sanusi, has been named the 2013 Emerging Markets Central Bank of the Year Award for Sub-Saharan Africa, making it the third time he would receive the honour.
The award was conferred on Mr Sanusi during the International Monetary Fund (IMF)/World Bank Annual Meetings in Washington D.C, United States of America.
Managing Director of the Emerging Markets Magazine, organizers of the award, John Orchard, noted Mr Sanusi’s outstanding achievements in driving down inflation in Nigeria from double digits to single digit of about 8 per cent.
Mr Orchard also stated that Mr Sanusi had consistently pursued and successfully maintained macroeconomic stability notwithstanding the many challenges confronting the Nigerian economy.
Mr Sanusi was previously declared winner of the award for the second time in 2010, an achievement the organizers of the award described as a rare feat.
In receiving the award, the CBN governor attributed his success to the support of his colleagues at the Bank, while thanking the Federal Government for the confidence reposed in him by giving him the responsibility to superintend in the position.
He said Central Bank Governors had the onerous challenge of maintaining stability in the financial system and pledged to ensure that ongoing reforms in the country’s banking system was sustained in the interest of the country’s economic growth.
Mr Sanusi was presented the award for the Sub-Saharan region alongside the South African Minister of Finance, Pravin Gordhan, who won the Finance Minister of the Year for the Sub-Saharan regional economies.
The award ceremony was witnessed by Finance Ministers and Central Bank Governors from the emerging economies of Asia, Europe, Middle East and North Africa, South America and the Sub-Saharan regions.
Mr Sanusi also emerged winner of the “2013 Africa Central Bank Governor of the Year” award by the Publisher, African Banker magazine, for the third consecutive year.
Mr Sanusi, who is serving the last lap of his four year tenure, has anchored his reforms agenda in the Nigerian banking and financial sector, on four pillars: enhancing the quality of banks, establishing financial stability sector, enabling healthy financial sector evolution, and ensuring that the financial sector contributes to the real sector of the economy.