celebrity radar - gossips
CBN Governor, Godwin Emefiele, Not Interested in 2023 Presidential Race
Published
3 years agoon
CBN Governor, Godwin Emefiele, Not Interested in 2023 Presidential Race
Why Powerful Nigerians Are Rooting For Him
No doubt, President Muhammadu Buhari bears, like a badge, an indecipherable flame of affection for the Central Bank of Nigeria, CBN Governor, Godwin Emefiele. Honestly, his love for Emefiele resonates, even as you read, as a melody of faith whose mutuality and passionate intensity appear to make it untarnished and priceless.
Of course, this can, however, be attributed to Emefiele’s undisguised passion for Nigeria and Nigerians.
There is no gainsaying that the Delta State-born banker has lived a remarkable and eventful life. Despite rising from humble beginnings to assume leadership of the nation’s apex banking institution, he has remained humble and uncompromising of his values. He has maintained a culture of unflinching uprightness and unwavering commitment to the collective good and has remained a staunch patriot and advocate of the common man. This, among others, guarantees his place in the pantheon of Nigeria’s finest citizens.
But, rumour is that alchemy of quiet malice by which mischief-makers concoct a subtle poison from ordinary trifles. No wonder why the CBN governor is perplexed that his name is now being thrown up as a possible candidate in the 2023 presidential election.
For the past few days, there had been a groundswell of speculations that some of Nigeria’s most powerful and wealthiest businessmen and governors within the All Progressives Congress, APC, and the Peoples Democratic Party, PDP, are pushing for the candidacy of a neutral south-south person, preferably, a technocrat in the 2023 Presidential election. This powerful coalition reportedly met in Abuja and Lagos days apart to decide on a president who understands the ease of doing business, the plight of the private sector, and the undercurrents of international business in the 21st Century.
The CBN governor was unanimously pinpointed as the ideal man. One of the reasons reportedly being adduced for his choice is that he is eminently qualified for the top job especially as agitations for a candidate of South-south extraction continue to gather traction.
Though a Delta Igbo, Emefiele speaks Yoruba fluently. Before his banking career, he was a lecturer in Finance and Insurance in two Nigerian Universities. He holds degrees in Banking and Finance from the University of Nigeria, Nsukka, and is also an alumnus of Stanford University, Harvard, and Wharton Graduate Schools of Business where he took courses in Negotiation, Service Excellence, Critical Thinking, Leading Change, and Strategy. Before joining the CBN, he spent over 26 years in commercial banking culminating in his tenure as Group Managing Director and Chief Executive Officer of Zenith Bank PLC, one of Nigeria’s largest banks.
He is also regarded as a child of destiny because he did not lobby for his elevation as Group Managing Director of Zenith Bank. Neither did he lobby the PDP government of former President Goodluck Jonathan, which appointed him CBN governor in 2014. Interestingly, despite being a PDP appointee, he was retained by the new APC government of President Buhari. To underscore how much confidence the president reposes in him, he reappointed Emefiele for a second term of five years as CBN governor in May 2019.
Sources close to the president said he appreciates Emefiele for helping Nigeria to experience stable monetary policies, even as it did not witness any crude oil windfall, which is the backbone of the economy. Conversely, the oil price volatility impacted not only the country’s revenue base, but the inflow of foreign exchange (forex), stoking currency depreciation, system arbitrage, and consequent policy measures, leading to calls for the devaluation of the naira.
The CBN governor’s ability to hold on to his belief in the economy and not allow the ship to sink on his watch may have also earned him the second term. Also, through his monetary policies and even interventions in fiscal issues over the past seven years, Emefiele has insisted that the country still holds a high return on investment with huge opportunities given its over the 200-million-people market.
Emefiele oversaw Nigeria’s widely acclaimed response to plummeting oil prices, spiraling inflation, significant exchange rate pressures, sharp fall in forex inflows, delisting of Nigeria from the JP Morgan Bond Index, normalisation of U.S. monetary policy, geopolitical tensions amongst global superpowers, and overall uncertainty after the change of administration in 2015.
Indeed, the stability he brought into the system has been attributed to his innovative Investors and Exporters Window worth $25 billion, which liberalised official transactions of forex, as well as the directive to banks to sell forex to customers over the counter for basic travel allowance (BTA) and medical and education bills.
Beyond forex stability, which saw massive accretion in Nigeria’s foreign exchange reserves from about $23 billion in October 2016 to nearly $48 billion in June 2018, Emefiele’s policies also significantly helped Nigeria achieve a fast recovery from recession, which was caused by sharp and sustained oil price declines from 2015 through 2017.
In the area of fiscal interventions, the CBN governor sustained large-scale financing of agriculture through the innovative Anchor Borrowers’ Programme, which has disbursed hundreds of billions of naira in small loans to hundreds of thousands of peasant farmers, thereby creating millions of jobs across the country. As evidence of the new discipline through tight monetary policies, his tenure has witnessed unprecedented profits in the banking industry, with GT Bank and Zenith Bank leading the way with record performances.
With all these, Emefiele succeeded in facilitating major improvement in Nigeria’s ranking on the World Bank’s Doing Business Indicators through the creation of the collateral registry and credit reference bureaus.
This record of achievements is why the coalition believes that Emefiele is eminently qualified to succeed President Buhari and steer the ship of state aright.
However, sources close to the CBN governor say emphatically that he is not interested in the top job. Rather, he is content seeing through his term and enthroning a Central Bank that is professional, apolitical, and people-focused.
Governor Emefiele, according to sources very close to him, has neither privately or publicly expressed interest or desire to contest for any election. Going by the highlighted fact, a powerful source maintained that, “If the records must be set straight, the Governor that I know is one straightforward individual who does not shy away from taking responsibility for his intentions or actions.
“Consequently, if he is interested in contesting, by now, he would have appropriately put the issue in the public domain without having to cut corners.”
Emefiele, he stressed, by virtue of his antecedents and pedigree is eminently qualified to run in 2023
“Nevertheless, a popular adage says that you cannot shave a man’s hair in his absence. Therefore, if and when he decides to throw his hat into the ring, the good people of Nigerians will be adequately put in the picture.
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Celebrating Sir Edwin Ogidi-Gbegbaje At 60 By Jimmy Enyeh
Published
8 hours agoon
November 22, 2024Celebrating Sir Edwin Ogidi-Gbegbaje At 60 By Jimmy Enyeh
Majority of Deltans are unanimous in their submissions that the name of
Sir Edwin Ogidi-Gbegbaje, a celebrated top civil servant and retired permanent secretary in Delta State Government House has been recorded in the good side of history.
As he clocked 60 today, family members, friends, associates and well wishers have been falling over themselves to pay tribute to a kind hearted and jolly good fellow.
Edwin, a scion of the famous Gbegbaje family in Ekpan, Uvwie Local Government Area of Delta State, a family noted for producing top bureaucrats and influential public servants.
For 35 years until he retired in January 2024, he added values to Delta State civil service, deepening its positive nuances and was one of the people that nurtured the civil service of the young state upon creation in 1991 to its now enviable heights, setting it along with others on a trajectory that has made it one of the best in the country.
Gbegbaje’s story is far from the proverbial rags-to-riches . He was born into comfort and high society, but suddenly lost his affluent parents in his first and third years at the University of Jos, but with good counsel and guidance of relatives who were bureaucrats, Edwin Ogidi-Gbegbaje made a career choice that saw him becoming a permanent secretary at 46, a very rare feat in those days.
In an interview conducted three years ago to celebrate his 57 years, he offered a glimpse into his life, challenges and triumph. “I come from the larger Gbegbaje family in Ekpan, Uvwie Local Government Area of Delta State. We have quite several branches of the genealogical tree. We have the Abesan. The patriarch of the family is Chief Gbegbaje Dasone.
“We have Oloyo Gbegbaje and Ogidi Gbegbaje. My parents were civil servants like myself. My mum was a social welfare officer who rose through the ranks.During the late Ambrose Ali administration in Bendel State, she was appointed permanent secretary. My father was a medical doctor.
“He was the first radiologist in the defunct Bendel State and second in the country. My father was the chief consultant radiologist in Bendel State. I also have an uncle, Mr. K Gbegbaje who was a permanent secretary. When he retired, he became the Chairman of Bendel State Civil Service Commission. I have an uncle who was the first Accountant-General of Kwara State. He was in the northern civil service in the 60s.He later became Chairman of National Oil. I am from a family of bureaucrats. I attended Emotan Primary School in Benin.
“I proceeded to Edo College. When I left Edo College, I had the desire to leave Benin. Even when I was admitted into UNIBEN to study Economics and Statistics, I wasn’t enthusiastic. So, I got admission to study Political Science in Jos in 1981. Prof Emovon from UNIBEN was the Vice-Chancellor in Jos at the time. As I was entering, Jos ceased being a campus of the University of Ibadan. I was there from 1981 -1985. I graduated before my 21st birthday.
“Unfortunately, I lost my dad as I was entering the university in 1981. When I was just getting into my third year, I lost my mum.
It wasn’t easy being the eldest among my siblings. In fact, I was encouraged to come for Christmas holiday in Benin without knowing that the evening of my arrival in Benin was the period of my mum’s service of songs.
“I didn’t have an inkling that such a thing had happened. I didn’t even hear that she was ill. I was shocked when I saw canopies in my compound at Ovie Whiskey Avenue close to Ekhewan Campus. A prominent Jos-based businessman from Ughelli encouraged me to visit home for Christmas.
“I graduated in 1985 and taught at a secondary school in Iko-Eket, Cross River State. Just as I was finishing, there were some advertisements for jobs. I didn’t see the one for NNPC early enough.Towards the end of 1988, my uncle who was the Chairman of Bendel State Civil Service Commission, said since I couldn’t get a private sector job, I should participate in extended interviews, especially since I had sat for ASCON examination.
“He advised me to start a career in the civil service. By the end of 1988, letters of appointment were out. I wasn’t conscious of the fact that the person who resumes first becomes the senior in service. I didn’t resume early. My uncle said I was supposed to have resumed instead of waiting to resume in the New Year. A few of my friends who were conscious of it had resumed and they became my seniors in service. I resumed on January 3, 1989.
“That was how my career started. We were supposed to come in as administrative officers Grade 7, but at that time there was a decree. So, by the time we came in, we were designated as personnel officers. We were regarded as the special class.
“Upon the creation of Delta State on August 27, 1991, we all had to move to Asaba. In fact, the movement was swift.
We were all not fully prepared for the swift movement. There was a surge of human beings into Asaba with the state creation. A lot of us couldn’t get accommodation in Asaba when we came. In fact, I stayed in Ibusa for nine years. It was when I met my wife that we moved to Asaba. A lot of my colleagues were sleeping in the offices then.
On his retirement, the Delta State governor praised Gbegbaje’s contribution to the growth of the state.
Delta State Governor, Rt. Hon. Sheriff Oborevwori, at the retirement thanks-giving service of Gbegbaje, urged civil servants in the state to emulate his virtues.
Speaking at a grand reception in honour of the celebrant at the Events Centre, Asaba, Governor Oborevwori described Ogidi-Gbegbaje as an intelligent, humble, diligent, transparent, process driven, selfless, accountable and compassionate bureaucrat.
While congratulating the retired Permanent Secretary for his diligent and patriotic service to the state, Oborevwori said Ogidi-Gbegbaje was very helpful in the last seven months of his administration.
According to him, “a lot has been said about Sir Eddy Ogidi-Gbegbaje and I also have a personal experience about him while I was Speaker and in the last seven months as Governor of Delta State, we have worked very closely and he helped me to settle down quickly.
“Sir Ogidi-Gbegbaje played his role very well, he is diligent in his duties and was always giving good and useful advise wherever he worked.
“Your service to humanity is something worth emulating and I must say that I enjoyed working with you. I congratulate you for 35 years of unblemished and meritorious service to the government and people of Delta State.
“We are going to miss you, the civil service will miss you, the machinery of government will miss you, you are retired but you are not tired, and your service is still needed.
“I want other civil servants to emulate your commitment to duty. So my message to other civil servants is that they should emulate Edwin Ogidi-Gbegbaje.
“If you look at his journey in the civil service from Bendel to Delta, you see his commitment to duty. Today, he has finished strong and we rejoice with him and his family”.
Chairman of the occasion and former Minister of Information, Professor Sam Oyovbaire, congratulated the celebrant for a successful retirement from service and urged other civil servants to emulate his kind virtues and commitment to duty.
From all indications, Edwin Ogidi-Gbagbaje is worth celebrating, he has touched numerous lives in the last six decades.
At the cusp of his 60th anniversary, the social and the civil service landscapes pulse with milestones he has achieved thus reasserting his worth as a rare force of nature. As family and friends join him in celebrating his 60th birthday, the image that pops into head is that of his genius and the passionate intensity he possesses, literally squizing water from stone as far as the public service is concerned. His brilliant performance as a permanent secretary, Delta State Government House, has earned him another appointment. He is currently the Chairman, Delta State Bureau for Pension and has been giving a splendid account of himself.
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“In All Life’s Hardships, Keep Your Smile” By Prudent Ludidi
Published
11 hours agoon
November 22, 2024“In All Life’s Hardships, Keep Your Smile” By Prudent Ludidi
Let’s talk about a powerful tool that can help you navigate life’s challenges with confidence, resilience, and hope. That tool is your smile.
Life can be tough. It can throw us curveballs, test our resolve, and push us to our limits. But in the midst of hardship, it’s easy to lose sight of what truly matters. We forget to smile, forget to laugh, and forget to live.
Your smile is more than just a facial expression. It’s a symbol of strength, courage, and determination. It’s a beacon of hope that shines brightly, even in the darkest moments.
When life gets tough, it’s tempting to frown, to cry, or to give up. But I urge you to do the opposite. Smile. Smile through the tears, smile through the pain, and smile through the struggles.
Smiling doesn’t mean you’re ignoring your problems or pretending everything is okay. It means you’re choosing to rise above, to find the silver lining, and to focus on the good.
Your smile has the power to transform your mindset, inspire others, diffuse tension, and heal emotional wounds. It’s a powerful antidote to stress, anxiety, and fear.
Think about it. When was the last time you smiled? Really smiled? Not just a polite smile or a forced grin, but a genuine, heartwarming smile?
Smiling can:
Reduce stress and anxiety
Boost your mood and energy
Improve your relationships
Increase your resilience
So, how can you keep your smile shining bright, even in the face of adversity?
Find the humor in difficult situations. Laughter is a powerful way to shift your perspective and lighten the load.
Practice gratitude daily. Focus on the good things in your life, no matter how small they may seem.
Surround yourself with positivity. Spend time with people who uplift and support you.
Take care of your physical and mental well-being. Get enough sleep, exercise regularly, and prioritize self-care.
Remember, your smile is contagious. It can light up a room, brighten someone’s day, and change the atmosphere.
In all life’s hardships, keep your smile. It’s a reminder that better days are ahead, that you’re stronger than you think, and that you’re not alone.
Your smile is your superpower. Use it to overcome obstacles, to uplift others, and to create a ripple effect of joy and positivity.
Don’t let life’s challenges steal your smile. Keep shining, keep smiling, and keep pushing forward.
You are stronger than you think.
You are braver than you feel.
And you are capable of overcoming anything that comes your way.
So, smile. Smile with confidence. Smile with courage. Smile with hope!
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Lagos State’s Stability is a Barometer for Nigeria’s Stability – Amb. Tukur Buratai
Published
2 days agoon
November 20, 2024Lagos State’s Stability is a Barometer for Nigeria’s Stability – Amb. Tukur Buratai
The Former Chief of Army Staff (COAS, Nigerian Army) and Former Nigeria’s Ambassador to the Republic of Benin, Ambassador (Lt General rtd) Tukur Yusufu Buratai, CFR has said that Lagos State has all the qualifications of a modern city and is one of the most populated cities in Sub – Saharan Africa. He went further to affirm that Lagos is also indicative of the degree to which Nigeria’s economic, political, social, and cultural landscape is deeply embedded within the global system.
He made this assertion on Wednesday 20th November, 2024 as the keynote Speaker at the Second Edition of the Lagos State University of Education Security Summit, with the theme: Insecurity, Cost of Living and Good Governance in the 21st Century.
Ambassador Tukur Buratai, while delivering the lecture in a paper titled: Lagos in Nigeria’s National Security and Defence Architecture: An Analysis.
Ambassador Tukur Buratai postulated in his paper that, “The presence of strategic military installations, the verse Atlantic Ocean and extensive coastline has placed Lagos State on the strategic defense map of the Armed Forces of Nigeria”, He said further that, ” While the sea provides a strategic economic status it could also be vulnerable to external attacks across the ocean”.
In his paper, Ambassador Tukur Buratai reiterated that the Lagos State government should begin to look at the options and implications of having its own security.
Ambassador Tukur Buratai also emphasized the urgent necessity to bolster our nation’s troop level to 800,000. He said a larger and more robust force will enhance operational readiness, improve our country’s capacity to respond to various contingencies, and strengthen our alliance on the international stage.
He also called for the establishment of a Marine Corps for the Nigerian Navy to be strategically stationed in key regions such as Lagos, Borno, Cross River, and Port Harcourt.
He also raised the pressing issue of the persistent lack of stable power supply in Lagos. He asserted that the Lagos State Government must urgently prioritize the development of independent power generation.
Ambassador Tukur Buratai also lauded the Governor of Lagos State, Mr Babajide Sanwo-Olu’s strategy regarding security in Lagos, which provides an example for governor’s throughout Nigeria. He said the governor recognizes that genuine security transcends mere physical presence or reactive measures. He commended the governor’s innovative approach, which has redefined the urban governance, and has also set a benchmark for other states to follow.
Ambassador Tukur Buratai also recalled that during his tenure as the Chief of Army Staff, he had the distinct privilege of witnessing the fruitful collaboration between the Nigerian Army and Lagos State under the leadership of Former Governor Ambode and now Governor Babajide Sanwo-Olu.
Ambassador Buratai, during the lecture, also appluaded the Lagos State Government on its infrastructural development in Lagos State, especially the Red and Blue Railway lines.
Ambassador Tukur Buratai also commended the Federal Government interventions in the development of Lagos State, while applauding the construction of the Lagos to Calabar Highway, he adviced the Lagos State and Federal Government on the security implications of opening up the high way, he suggested to the government to be proactive by early planning for its security when opened and becomes operational.
Earlier, the Vice Chancellor of the Lagos State University of Education, Prof B. B Lafiaji-Okuneye welcomed Ambassador Tukur Buratai to the institution. In her words, she said, ” The great warlord and global peace ambassador is visiting our great institution for the first time. Sir, we appreciate you and what you stand for. Your desire for a Nigeria that is peaceful and safe, where the citizens and residents are free and are given every opportunity to prove their worth and contribute to the growth and development of the nation is evident “.
While making his contribution during the summit, the Commissioner of Tertiary Education, Lagos State, appreciated and commended Ambassador Buratai for adding value to the security summit and more importantly adding value to the Lagos State University of Education. The Commissioner also drew the attention of the participants of the summit to parts of Ambassador Buratai’s paper, where he elaborated on the strategy of social inclusiveness rather than the use of force to curb insecurity.
The Commissioner for Tertiary Education, Barr Tolani Sule on behalf of the Lagos State University of Education, presented a Plague of Honour to Ambassador Buratai for his role in nation building.
Other discussant at the Summit included, HRM, Oba Kamorudeen Animashaun, (Arolugbade 11, the Oloja of Epe Land and the Vice Chairman, Lagos State Council of Obas and Chiefs), HRM, Oba Momodu Afolabi Ashafa ( The Aladi of Ijanikin Kingdom), HRM, Oba (Dr) Aina Josiah Olanrewaju ( IKUYAMIKU 1, the Oloto of Oto Awori Kingdom) and HRH, Oba Babatunde Ogunlaja JP ( ALADESHOYIN, the Paramount Ruler of Odo – Noforija Kingdom), all of whom spoke on the theme :Insecurity, Cost of Living and Good Governance in the 21st Century.
The event which was attended by various Traditional Rulers, Members of the Governing Council and Senate of the Institution, the Commissioner of Tertiary Education in Lagos State, Barr Tolani Sule, Captain of Industries, Security and Para Military Chiefs in Lagos State, various invited guests and the students.
Ambassador Tukur Buratai’s delegation to the summit included, Lt General Lamidi Adeosun (rtd), Former Chief of Policy and Plans, Nigerian Army, Colonel Emmanuel Adegbola (rtd), Comrade Oladimeji Odeyemi, Alhaja Toyyibat Adeosun, Alhaji Isa Dogo amongst others.
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