Nigeria: Emefiele’s rumoured presidential ambitions raise eyebrows

By Temitayo Lawal
Posted on Friday, 6 May 2022 17:28

Nigeria's Central Bank Governor Godwin Emefiele briefis the media during the MPC meeting in Abuja, Nigeria January 24, 2020. REUTERS/Afolabi Sotunde

In light of recent reports that some groups are campaigning for Central Bank of Nigeria (CBN) governor Godwin Emefiele to become president, there are fears that it will cast doubt around the integrity of the apex bank and could make citizens excluded by the bank's initiatives to start questioning the meritocracy of the bank’s processes.

Martins, a Lagos-based finance professional, spotted an opportunity to scale the family’s cassava farming business. He had always known that there was a big market for cassava, if only he had access to finance to expand production, which had been limited to a small area of cultivation in Ibadan, Oyo State.