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Nigeria: Buhari Reappoint Emefiele as the CBN Governor For a second term

The Nigerian President, Muhammadu Buhari has nominated the incumbent Governor of the Central Bank Of Nigeria (CBN), Godwin Emefiele, for a second term.

The letter for his tenure elongation was sent to the Senate on Wednesday and read during plenary on Thursday.
The President of the Senate, Dr. Abubakar Bukola Saraki, read a letter from President Muhammadu Buhari, reappointing the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, for a second term.

Emefiele was first appointed by former President Goodluck Jonathan in 2014 and was retained after Buhari assumed office in 2015.

It is the first time since 1999, when Nigeria returned to democracy, that anyone would be nominated to serve two terms as CBN governor.

The Nigeria's economy has slipped into recession twice under President Muhammadu Buhari as the Nigerian President and Godwin Emefiele as the Central Bank's Governor.

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