For the
third consecutive time, Nigeria’s Central Bank Governor, Sanusi Lamido Sanusi
has been awarded the “Central Bank Governor of the Year for the Sub-Saharan
Africa” by international organisation, Emerging Magazine.
The
award was presented on the sideline of the annual World Bank/IMF Meeting in
Washington which features Central bank Governors and Finance Minister from
across the globe.
Sanusi
was awarded the Central Bank Governor of the year based on his outstanding
performance in driving down inflation from double digit to single digit of
about 8 percent.
Managing
Director Emerging Magazine, John Orchard said Sanusi has consistently pursued
and successfully maintained macro-economic stability amid the arduous
challenges confronting the Nigerian economy.
Sanusi
who have been able to successfully stabilize inflation rate over the years was
appointed as the CBN Governor in June 2009 during a non-performing loan crisis
that threatened to cripple the Nigerian banking sector.
Aside
this recent award, Sanusi has several accolades to attest to his work as the
leader of Nigeria’s apex bank. In May this year, Lamido Sanusi was named
“African Central Bank Governor of the year” by African Banker Magazine for the
third consecutive time. He was also awarded CBN Governor of the year by
London-based Banker Magazine for his radical and corruption campaign in 2011.
Nigeria
Ambassador to the US, Adebowale Adefuye said the award shows the international
community’s confidence in Nigeria’s community and Sanusi’s professionalism on
the job.
Sanusi
in his address attributed the achievement to the CBN staff as well as the
transformation reform embarked on by the Federal Government of Nigeria in
various sectors of the economy.
“It is
a great honour for me because this is going to be my last meeting. I thank all
my colleagues for their support and the government for the confidence reposed
in me.”
“We
have worked day and night through the banking crisis and now we are working
towards stability, financial inclusion and payment system transformation,”
Sanusi said.
Sanusi
will quit as the CBN Governor in 2014.
He has made his intention not to renew his 5 years contract known early
this year.