Central Bank governor Sanusi Lamido Sanusi, yesterday expressed fears over the possibility of being pilloried by people who do not comprehend his policies, when he leaves office.
The CBN governor said
the castigations can result from poor “reading of economics” and other issues. Sanusi made the remarks during the presentation of a special public lecture in his honour, over his conferment with the title of Dan Majen Kano in June by the Emir of Kano, Alhaji Ado Bayero.
The CBN governor who commented on a paper entitled, “Sanusi Lamido Era: A Period of Anticipatory Micro-economic Policy in Nigeria” by Mr Bismark Rewane pointed out that the paper has captured most of the fears being entertained by the CBN.
“The title of the paper is what my colleagues and I at the Central Bank would want to hear, because I stand a very big risk of being remembered as Central Bank governor for all the wrong reasons. And I think Bismark pointed to that,” he said.
Sanusi stated, “We met banks in crisis, we fixed the banks and that is not reform. And I think there is a major problem in our reading of economics and our reading of issues. I remember when we removed bank CEOs and we tried them, people were describing the CBN governor as being bold. “This is the country where it takes courage to put a thief in prison. In other parts of the world, it is normal if you steal you go to jail. That is not reform.”
He listed monetary policies as approach to supply of money, reading of economic indicators and the willingness to subject the issues to debate as the real changes that are happening in the apex financial institution.
While commending the paper as articulate, Sanusi said the bank expects criticisms and review of its processes.
The CBN governor who commented on a paper entitled, “Sanusi Lamido Era: A Period of Anticipatory Micro-economic Policy in Nigeria” by Mr Bismark Rewane pointed out that the paper has captured most of the fears being entertained by the CBN.
“The title of the paper is what my colleagues and I at the Central Bank would want to hear, because I stand a very big risk of being remembered as Central Bank governor for all the wrong reasons. And I think Bismark pointed to that,” he said.
Sanusi stated, “We met banks in crisis, we fixed the banks and that is not reform. And I think there is a major problem in our reading of economics and our reading of issues. I remember when we removed bank CEOs and we tried them, people were describing the CBN governor as being bold. “This is the country where it takes courage to put a thief in prison. In other parts of the world, it is normal if you steal you go to jail. That is not reform.”
He listed monetary policies as approach to supply of money, reading of economic indicators and the willingness to subject the issues to debate as the real changes that are happening in the apex financial institution.
While commending the paper as articulate, Sanusi said the bank expects criticisms and review of its processes.
