tunku:

If capitalization for Nigerian Banks had not been increased many of the consolidated conglomerate banks would not be standing now. The global crises occurred because under capitalized banks were taking risks that they could not possibly cover. Subprime banking doesn't work and I am afraid neither will Lamido. Seriously, just because he speaks with a British accent does not make him more qualified to run CBN.

mikeansy:

Biina

At the rate Yar'adua's indicisiveness is going, the mantle of leadership might fall on Tunde Lemo

Ernest Ebi who is second to Soludo is dues to step down few days after Soludo

Umaru Musa Yar’Adua has nominated Mr. Sanusi Lamido Aminu Sanusi as Governor of the Central Bank of Nigeria.

In a letter to Senate President, Senator David Mark, President Yar’Adua requested for an expeditious consideration of the nomination.

Similarly, President Yar’Adua has requested the Senate to confirm the renewal, for a second term, of the appointment of Mr. Babatunde Lemo as Deputy Governor of the Central Bank of Nigeria.

Meanwhile, President Yar’Adua has sent a letter of commendation to the outgoing CBN Governor, Professor Chukwuma Soludo. The letter reads:

“As your tenure as Governor of the Central Bank of Nigeria comes to a glorious end, I write on behalf of the Government and people of Nigeria to place on record our debt of gratitude to you for your dedicated service and uncommon sense of duty over the past five years.

“I am confident that your worthy antecedents in the CBN and in prior appointments in the service of our nation remain sources of inspiration to an entire generation.

“As I wish you even more astounding successes in the years ahead, it is my fervent hope that you will readily avail us of your distinguished service when the need arises in the future.”



OLUSEGUN ADENIYI
Special Adviser to the President (Media and Publicity)

Monday, 01 June 2009

mikeansy:

finally an official decision

Now over to Senate

Pepeye:

Sanusi would have ensure that Nigeria can weather the harsh economic climate and economic growth is sustained

Hello!
He is not the finance minister nor the chief strategist, nor the chief economist nor the messiah!
And he certainly cant do it all by himself

MrCrackles:

Hello!
He is not the finance minister nor the chief strategist, nor the chief economist nor the messiah!
And he certainly cant do it all by himself

asha 80:

Was it not one the things soludo was accused of?

Pepeye:

These are the challenges he has to contend with as he prepares to take over the mantle of the one most challenging jobs’s
It ain’t gonna be easy

MrCrackles:


No one said it was easy and i am pretty sure, he knows that too!

We just need to pray for him and hope he gets it right

He needs to play his cards right too

asha 80:

hmmm brashy is beginning to sound like a nigerian

But i am half Nigerian innit?!

Pepeye:

The guy is taking over the management of of CB at a time the Nigeria economy and financial system is contending with global economic crisis, low commodity prices, depleting foreign reserves and a depreciating naira lets watch and see    

MrCrackles:


Yeah challenging but it wasnt easy when Soludo took over or was it?

Apart from the global financial meltdown, Soludo faced a million whartogs!

Regardless, it will be challenging but i am sure he knows and will prepare

Pepeye:

Granted that Soludo stepped in at a time of unprecedented economic growth, yet he had the fortitude to take on the establishment and transformed the banking system. . .
That’s the problem he’s gonna be bench marked against a predecessor[b] that is leaving behind a track record that might be difficult to match    [/b]

Lamido is capable so i dont forsee any major problem unless he doesnt get the space to do his job or succumbs to dictatorship orders

He has the soft skills, intellectual capabilities, experiences, good character and with the right level of support, i dont see why he cany surpass Soludo!

Fingers crossed, he has the senate hurdle to scale and then we will see whether the cabals that run Nigeria in the background will let him do the job

_{My judgement of the man has been based purely on the info i personally gathered over the last few months, i dont know him personally}!

OYB_MEND:

all this carry go mentality politics should stop

this man recently donated 20million of First Bank money to the secondary school he attended. Someone needs to check who the recipient of that money is and if they are relatives of Sanusi

We are busy celebrating!!!!

Pepeye:

Let’s watch and see as events unfolds

You seem to have so much faith in him tho

MrCrackles:

I only have faith in God!

LAMIDO SANUSI is descendant of the EMIR of KANO, and I cannot see him understanding, and channelling his policy at the CBN for the good of the common man, it is not in him, he was born with silver spoon, and history tells us that people born into wealth are less likely to understand the underpriviledge. I prayed and hope that the guy go to CBN and proves me wrong for the sake of ordinary Nigerians.

Nigeria’s economic  development has  been said to be  realistic with sound and qualitative human resources complementing the nation’s natural resources.

A former lawmaker, Senator Isaiah Balat, stated this in Kaduna during the 50th Golden Jubilee celebration of St Anne’s School, where he donated N500,000 to the school.

He added that education and training are decisive factors in giving a nation a competitive advantage through having a pool of specialised and advanced human resources with scientific knowledge and economic information that could upgrade the country’s economy and improve the quality of life.

According to Balat, “Education and training constitute perhaps, the single greatest long term leverage point available to all levels of government in upgrading the standard of living of the citizens. Improving the general education system is an essential priority of government.” he appealed to governments at all levels to provide a conducive environment for the growth of the educational sector.

Senator Balat, who was flanked by Rev Fr. Matthew Hassan Kukah, General Salihu Ibrahim (Rtd), Archbishop Matthew Man’oso Ndagoso Catholic Archbishop of Kaduna Archdiocese, Deputy Governor of Kaduna state, Mr. Patrick Yakowa and wife of the late Deputy Governor, Mrs. Charity Shekari, further said: “The effectiveness of an educational system is partly a function of the rate of budgetary allocations. For Nigeria to achieve competitive advantage, special attention need to be given to all sector especially at the foundation level where children hardly make it into the universities due to poor foundation.

“Quality education is not possible without a cadre of well-prepared and competent teachers at all level. It is sad to note that in our country, teaching has not been seen as an attractive occupation especially from primary to secondary schools”.

About N40 million was realised at the golden jubilee anniversary which also include a fund raising dinner for the building of a computer laboratory, a generating plant and upgrading of its science laboratory.

First Bank’s Group Managing Director Sanusi Lamido Sanusi, who is a former pupil of the school donated the sum of N20 million for the computer laboratory.
http://leadershipnigeria.com/index.php?option=com_content&view=article&id=1278:economic-devt-hinges-on-human-resources--balat&catid=16:headline-news&Itemid=75