The new governor of Nigerian apex bank, Mr. Sansui Lamido and Central Bank of Nigeria (CBN) are receiving a glowing reaction and compliment from Afripol organization, a public policy based institution headquartered in
Reacting to interest rate drop in Nigeria during Afripol quarterly round table conference, Mr. Vincent Ogboi, Economic and financial analyst on African affairs at Afripol organization said: "Nigeria’s Central bank Governor, Sanusi Lamido’s economic foresight and political will to slash the Central bank to bank lending rate is refreshing and a positive development and of course a great shot in the arm for Africa’s largest oil based economy." Commending Sanusi Lamibo, the expert further stressed, "Sanusi’s quick action as a new but experienced banker shows his thinking is in line with the Global economies of the world and also compliments the efforts of the world’s largest economies led by the USA to prevent further decline into the global recession and ward off any possible hyper-inflation. By this effort Africa’s second largest economy after
Mr. Emeka Chiakwelu, Principal Policy Strategist at Afripol Organization praised the new chief, Mr. Sanusi Lamibo on the latest development: "I always know that Sansui Lamibo is the right person for this job, his endeavor and commitment as the chairman of First Bank is a testament to his pro-business and pro-growth principle. His methodology of governance is to encourage the healthy growth of private sector with mutual benefit to the banking sector and the marketers. The cutting of interest rate will spur a steady economic growth at the private sector which for sometime was starved of fund for investment and wealth creation. The growth of private sector is necessary at this juncture in our country because the global economic melt down must be slowed down before it completely annihilates the private sector in
Afripol organization monitors economic growth in Africa in general and
The CBN implemented policy that instructed banks to do more business transactions with private sector than with the public sector will booster free enterprise and capitalism. All these developments spell a good beginning and better things to come from Sansui Lambido‘s CBN.
Africa Political and EconomicStrategicCenter (Afripol) is foremost a public policy center whose fundamental objective is to broaden the parameters of public policy debates in