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Governance

Breaking: Central Bank Gets New Governor

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Kenya’s President, William Ruto, has appointed Dr Kamau Thugge as the 10th Central Bank Governor of Kenya.

Dr Thugge’s appointment comes ahead of the imminent retirement of Dr Patrick Njoroge, the current Central Bank Governor who has occupied the position since June 19, 2015.

A statement signed by Chief of Staff and Head of the Public Service, Felix K. Koskei, said Dr Thugge’s appointment followed the recommendation of the Public Service Commission who screened six shortlisted candidates, including Thugge, for the position.

“The nomination follows a competitive recruitment process carried out by the Public Service Commission pursuant to the provisions of Section 13 of the Central Bank of Kenya Act, Chapter 491 of the Laws of Kenya”, the statement read.

According to the statement, Dr Thugge who has served in senior positions with fiscal, monetary and economic policy-making positions both locally and abroad, is currently serving the nation as a Senior Advisor and Head of Fiscal and Budget Policy within the Presidency.

He is also a member of the President’s Economic Council.

Dr Thugge holds a Doctoral Degree in Economics from the John Hopkins University in Maryland, USA.

He also has a long period of meritorious career at the International Monetary Fund from 1985 to 2010, where he served in the positions of Economist, Senior Economist and Deputy Division Head.

As a prominent member of the Kenyan public service he played a key role at the promulgation of the nation’s new constitution.

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Economy

President Bola Tinubu Suspend Godwin Emefiele as CBN Governor

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President Bola Ahmed Tinubu has suspended the Central Bank Governor, Mr Godwin Emefiele, CFR, from office with immediate effect,” the Director of Information, Office of the Secretary to the Government of the Federation Willie Bassey said in a Friday statement.

“This is sequel to the ongoing investigation of his office and the planned reforms in the financial sector of the economy.

“Mr Emefiele has been directed to immediately hand over the affairs of his office to the Deputy Governor (Operations Directorate), who will act as the Central Bank Governor pending the conclusion of the investigation and the reforms.”

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Governance

What I Have Seen About Tinubu’s Government – Shehu Sani Reveals

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Barely two weeks after he assumed office, former senator representing Kaduna Central, Shehu Sani has expressed satisfaction with the administration of President Bola Ahmed Tinubu so far.

The non-serving senator said the president has started on a good footing and has demonstrated civility especially in giving listening ears to people.

Sani stated this when he appeared on the Channels Television programme “Politics Today” yesterday.

According to him, given critical observation and consultations with individuals and groups, he was satisfied with the administration for now.

Going ahead, he however said that the president must arrest insecurity and growing violent attacks while handling the fragile economic situation of the country.

To address these, Sani said Tinubu should seek wise counsel in appointing leaders of security agencies and constitute a knowledgeable economic team.

He said, “First of all, I can see that he has started on a good footing in the sense that he has proven to be a president first of all as a civil servant and also gives a listening ear to people. From what we can see from distance and consulting individuals and groups, I think he has started right, I am satisfied with the level of consultation for now.”

He said what the President has to do is to get people that are competent and capable, to man the position of authority as he pilots the ship of state to the future. “ He also needs to set an immediate priority of what he needs to address and as far as Nigeria is concerned, first is security and the second is economy, these two are very important,” he added

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General

Lagos State Youngest Lawmaker Pledges Effective Representation

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The thirty-six-year-old youngest member of the Lagos State House of Assembly, Sabur Oluwa, has promised his Constituents of effective representation.

Oluwa, who is representing the Ajeromi-Ifelodun constituency II at the Assembly, was among the 40 lawmakers inaugurated at the 10th Lagos Assembly on Tuesday.

The lawmakers took the Oath of Office after Governor Babajide Sanwo-Olu proclaimed the 10th Assembly on Tuesday.

Oluwa reiterated his commitment to quality representation that would bring speedy development to the constituency and also promote peace and harmony among constituents.

He said; “By the grace of God, the mandate given to me by my constituents in Ajeromi-Ifelodun constituency II will not be betrayed. The confidence they have in me will be justified. The love of my constituents for me, through their votes in the election that brought me in, will be reciprocated.

“The peculiarities of our constituency, being one of the most populous and ethnically diverse in Nigeria, set us apart. We will leverage these to attract the requisite attention and development to Ajegunle.”

“I will ensure effective and sound representation at the House of Assembly, Lagos, to positively impact the lives of Ajegunle people,” the 36 years old lawmaker said.

Oluwa is the youngest lawmaker in the 10th Assembly.

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