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The Central Bank of Nigeria (CBN) has confirmed that its first Monetary Policy Committee (MPC) meeting for the year will now hold on April 3 and 4 as five of the Committee members who were recently confirmed by the Senate assumed duty on Wednesday.
Aisha Ahmad and Edward Lametek Adamu assumed duty as Deputy Governors of the CBN.
Adeola Festus Adenikinju, Robert Asogwa and Aliyu Rafindadi Sanusi who were equally confirmed by the Senate were also at the Head Office of the CBN to formally commence their tenure as Members of the Monetary Policy Committee (MPC) of the Bank.
Welcoming the new Deputy Governors and members of the MPC to the Bank, the Governor, Godwin Emefiele, prior to their taking the relevant Oaths of Office, congratulated them on their appointments by the President and subsequent confirmation by the Senate.
Emefiele, flanked by Adebayo Adelabu and Joseph Okwu Nnanna, the Deputy Governors in charge of Operations and Financial System Stability (FSS), respectively, expressed gladness that the Bank now had a full complement of Deputy Governors to enable it operate optimally as well as the required quorum to enable the MPC hold its statutory meetings for formulating monetary and credit policy.
He therefore charged the Deputy Governors and MPC members to bring their experience to bear in the discharge of their new responsibilities, stressing that much was expected of them. He urged them to
Ahmad, Adamu and the three new MPC members subsequently took to their Oaths of Office, administered by the Acting Director, Corporate Secretariat at the CBN, Alice Karau.
Thereafter, the Director, Monetary Policy Department (MPD), Moses Tule, read out the Charter of the MPC to new members before they retired to their maiden MPC retreat preparatory to the first MPC meeting for 2018 scheduled to hold on Tuesday, April 3 and Wednesday, April 4, 2018.
It would be recalled that the Nigerian Senate on Thursday, March 22, 2018, confirmed the appointment of Aisha Ahmad and Edward Adamu as substantive Deputy Governors of the Central Bank of Nigeria (CBN) alongside three members of the Monetary Policy Committee (MPC).
