Fidelity bank card banner Emerald Energy Institute Camano banner

NO CAUSE FOR ALARM OVER SANUSI’S SUSPENSION: Stable fiscal and monetary policies to continue, says Okonjo-Iweala

By News Express on 20/02/2014

Gmail icon

Views: 2,612

The Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, has assured that the recent developments at the Central Bank of Nigeria (CBN) will not change the economic policy focus of the country.

She gave the assurance this afternoon in Abuja while speaking with journalists on today’s suspension of CBN Governor Sanusi Lamido Sanusi by President Goodluck Jonathan for alleged unethical practices currently under investigation.

Okonjo-Iweala specifically assured that macro-economic stability and a tight fiscal stance which have been the hallmarks of the Jonathan administration will continue to be maintained so as to drive the transformation of different sectors of the economy, especially in job creation and infrastructural development.

She added that the government will continue with policies which will help the naira to stabilise.

The minister stated that while it is normal for the markets to react to a major development involving a key economic manager, things will settle down as it becomes obvious that policy continuity is being maintained. 

She expressed confidence in the competence of the CBN Acting Governor, Dr. Sarah Alade, to manage the institution and ensure the continuation of the monetary policy focus that prevailed under Mr. Sanusi.

Okonjo-Iweala recalled that Alade, who was until now Deputy Governor in charge of Policy, has been a key player in the formulation and execution of the policies of the CBN under Sanusi and is therefore in a good position to continue with the policies.

The minister asserted that the fundamentals of the economy remain strong despite challenges, citing single-digit rate of inflation, reserves of over N41.4 billion, and other healthy indicators.

She wished Sanusi well in his future plans.

•Photo shows Okonjo-Iweala.

Source News Express

Posted 20/02/2014 11:28:19 PM





You may also like...
First Lady: Dead or alive?

Boko Haram writes another school, gives notice of...

Untold story of brave Rivers women who stripped,...

Cameroon fire guts ‘200 market stalls’

Liverpool beat Chelsea in pulsating encounter to reclaim...

2019: INEC releases names of 59 presidential candidates...

Oyo Govt. recovers 14 vehicles allegedly carted away...

Lagos State Government wants data bank of churches,...

Ngige and Obi: The debate begins!

Threat to Amaechi’s life unacceptable —Rivers APC •Says...

Boko Haram kills nine in renewed push for...

I visited Obasanjo and learned how to play...


Latest News Suspected killers of Commander Ogundana in the net Imo lawmaker in rape scandal •Alleged victim demands N50m damages Troops nab 5 fleeing terrorists, logistics suppliers Bayelsa guber: Alaibe snubs Dickson, adamant on court case 14 travellers kidnapped in Osun rescued Osinbajo’s travails: Yoruba gradually being turned into slaves, says Prof. Akintoye PEPT Appeal: What tradition says about Supreme Court Judges to form Panel, By Law Mefor CBN clears the air on cashless policy transaction charges Court okays lawyer’s trial for alleged attempted murder US Police officer arrested 2 six-year-olds in school Impeachment of Trump ‘may be the only remedy’ — Top Dem How dismissed soldiers use Army uniforms for robbery — Lagos Police boss


Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (543,160 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (444,147 views) Shameless Genevieve Nnaji exposes breasts in public (390,666 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (327,439 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (295,666 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (254,201 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (250,576 views) 10 cars more expensive than Jets (240,047 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (232,235 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (218,245 views) Lagos plane crash: Journalist releases victims’ names (196,483 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (194,042 views)


CBN milk production

CBN banner advert

UBA Wise Savers Promo


Categories Advertorials (3) African Press Organisation (81) Art & Literature (102) Business & Economy (4,458) Business Verdict (81) Columnists (1,113) Complaints & Requests (96) Enterprise & Opportunities (216) Entertainment (668) Features (815) Global Business Monitor (446) ICT Monitor (63) International (3,976) Interview (204) Live Commentary (30) Love Matters (171) Maggie's Blog (418) News (51,699) Opinion (1,368) Pidgin (17) Politics (11,478) Religion (1,104) Sports (2,174) Stock Watch (39) AMA & Al Jazeera Global Update







APO Group Partner




GOCOP Accredited Member

GOCOP Accredited member



Africa Media Agency and Al Jazeera