Sanusi will revolutionise Nigeria’s financial sector

Experts in the country’s financial sector have passed vote of confidence on the newly nominated Governor of the Central Bank of Nigeria (CBN).

Former minister of finance Kalu Idika Kalu described the appointment of Sanusiu Lamido Aminu Sanusi as revolutionary in the nation’s financial sector.

He said with his experience from First Bank of Nigeria and connection around the world, Sanusi would take the CBN to next level and he can handle the job effectively.

Kalu, however urged the new governor to be very pro-active in mobilising resources particularly on agriculture, adding that the apex bank should ensure that other banks participate in the disbursement of agricultural fund so that the impact would be country wise

He should also take cognisance on the management of exchange and interest rates so that the economy can grow as far as possible. In a situation where there are large volume of idle resources, growth is very important than stability. You cannot focus on stability when there is no growth. It is the output of the growth that produces stability for the economy, Kalu said

Also, Opeyemi Agbaje, a director of Lagos Business School and Chief executive officer, Resources and Trust Company Limited described Lamido Sanusi as a very well qualified to be the Governor of the Central Bank.

He is also well-equipped for the financial sector supervision aspects of the job given his role as a risk manager in UBA and First Bank, he said

Most importantly he has the right integrity and values which will make it difficult for him to be corrupted in that office. He should be able to maintain the regulatory independence and ethics required to succeed as CBN Governor. As he takes office, he will inherit several short and medium term challenges which I believe he is able to handle, Agbaje said.

Written by Kayode Ekundayo, Daily Trust