President Muhammadu Buhari has nominated Dr Kingsley Isitua Obiora for the position of the Deputy Governor of Central Bank of Nigeria (CBN).

The Presidency made this known in a statement signed by Buhari’s Special Adviser on Media and Publicity, Femi Adesina, on Thursday.

The statement said that the nominee’s name has already been forwarded to Senate President Ahmad Lawan for confirmation by the Senate

According to the statement, President Buhari said the nomination was in accordance with the provision of Section 8(1) (2) of the Central Bank of Nigeria (Establishment) Act 2007.

It said that upon confirmation by the Senate, Obiora replaces Dr Joseph Nnanna, who retires on February 2, 2020.

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He holds a Bachelor’s degree in Economics and Statistics from the University of Benin, a Masters in Economics from the University of Ibadan, and a Doctorate in Monetary and International Economics, also from the University of Ibadan.

He is currently an Alternate Executive Director in the International Monetary Fund (IMF) in Washington DC, United States of America.

The statement reads: “President Muhammadu Buhari has sent the name of Dr Kingsley Isitua Obiora to the Senate for confirmation as Deputy Governor of the Central Bank of Nigeria.

“In a letter to President of the Senate, Ahmad Ibrahim Lawan, President Buhari said the nomination was in accordance with the provision of Section 8(1) (2) of the Central Bank of Nigeria (Establishment) Act 2007.

“Dr Obiora, upon confirmation by the Senate, replaces Dr Joseph Nnanna, who retires on February 2, 2020.

“Dr Obiora holds a Bachelor’s degree in Economics and Statistics from the University of Benin, a Masters in Economics from the University of Ibadan, and a Doctorate in Monetary and International Economics, also from the University of Ibadan.

“He is currently an Alternate Executive Director in the International Monetary Fund in Washington DC, United States of America.”

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