The Coalition of Civil Societies and Media Executives for Good Governance in Nigeria COCMEGG has announced that it will bestow a prestigious honour on the CBN governor, Mr. Godwin Emefiele, as the “Most Distinguished CBN Governor of the Decade,” at the CBN headquarters, on Tuesday, 19th December, 2017, at 2pm.
COCMEGG is an umbrella body of several civil society groups, NGOs, activists, and media executives in Nigeria advocating for transparency, accountability and good governance regime,
According to the President of COCMEGG, Omoba Kenneth Aigbegbele, Mr. Emefiele’s performance since he assumed leadership in CBN is legendary.
He said “The rebounded economy in the shortest possible time is outstanding; the repositioning of the apex bank in terms of ICT, monetary policy directions and financial tools has greatly assisted the country’s economy and stability in the global market.
“The global positive rating of Nigeria today is as a result of the policy framework put in place by the apex body. Emefiele’s tireless sacrifices in putting the country first rather than self has paid off greatly; the CBN governor has advanced the regulatory body’s values and culture through good corporate governance and transparency that has kept the economy on track. The high ethical professionalism attained through transparency and the high degree of accountability in the financial sector of the country is unparallel, coupled with the apex bank’s policy thrust and framework through exponential growth and phenomenal profitability.
Kenneth added that the CBN has witnessed increased global rating by rating agencies on banks and other financial institutions, boost customers’ confidence and the nation’s belief in the CBN to rejuvenate the system and build a roadmap for the economic stability and sustainability of the country.
The President of COCMEGG paid glowing tributes to the CBN Governor, saying his change in the policy direction of the core CBN functions has impacted on education, monetary policy formulation and the implementation as well as financial system stability.
“Drawing from Emefiele’s experience as a specialist in Deposit Money Bank (DMB) and also as an academic, he expanded some core areas to apply measures of flexibility aimed at jump – starting low performing sectors and making them play their roles in revitalizing the economy thereby placing it on the path of growth, sustainability and development.
“The minimization of high interest rates on customers particularly in some select sectors of the economy that are critical contributors to the Gross Domestic Product (GDP) like Agriculture, Manufacturing, Micro, Small and Medium Enterprises (MSME) have changed the economic indices of the country and also the use of other monetary framework through Refinancing and Restructuring Facility (RRF) to disburse over 400 bn naira to manufacturers to rein in inflation using MPR and open market operations thereby stimulating the economy with immediate liquidity for growth which has created over 7 million direct and indirect jobs including the high morale of management and staff of CBN and the transparent surveillance and investigations of banks and other financial sectors of the economy is worthy of note.
COCMEGG, statement said recognized Mr. Godwin Emefiele as an asset to the present administration’s fight to boost and stabilize the economy and made a clarion call on banks and other financial institutions to support the transformational philosophy and development presently taking place at the CBN to block leakages from the system.
