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There is a growing push for the return of Sanusi Lamido Sanusi as governor of the Central Bank of Nigeria, as the possibility of a Tinubu presidency looms.
Sanusi, known for his expertise in risk management in banking, is supported by Governor Nasiru El Rufai of Kaduna State, who has the ear of President-elect Bola Tinubu.
During his previous tenure as CBN governor from 2009 to 2014, Sanusi’s strong and independent leadership ensured relative stability in the financial market, particularly after the global financial crisis of 2008/2009.
His return is seen as a way to revitalize the national economy, which has suffered significant losses due to the deceleration of economic activities, contraction of the agricultural sector, and paralysis of the rural economy.
Despite being suspended by former President Goodluck Jonathan after alleging that $20bn in oil revenue had gone missing, Sanusi is widely respected for his reforms to the banking sector and his commitment to preserving the central bank’s independence.
His return is seen as a way to sanitize the banking and financial sector and restore credibility to the Nigerian economy.
This article was updated 7 months ago
