NATIONALACCORD
by on January 16, 2020
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President-Muhammadu-Buhari

By DAVID IORJA, Abuja

President Muhammadu Buhari has sent the name of Dr. Kingsley Isitua Obiora to the Senate for confirmation as Deputy Governor of the Central Bank of Nigeria (CBN).

Femi Adesina, Special Adviser to the President (Media & Publicity) who made this known on Thursday, also said President Buhari would depart Abuja Friday for London to participate in the inaugural UK-Africa Investment Summit holding on Monday, January 20, 2020.

He explained that in a letter to President of the Senate, Ahmad Ibrahim Lawan, President Buhari said the nomination was in accordance with the provision of Section 8(1) (2) of the Central Bank of Nigeria (Establishment) Act 2007.

Dr Obiora, upon confirmation by the Senate, will replace Dr. Joseph Nnanna, who retires on February 2, 2020.

Dr. Obiora

Dr Obiora holds a Bachelors degree in Economics and Statistics from the University of Benin, a Masters in Economics from the University of Ibadan, and a Doctorate in Monetary and International Economics, also from the University of Ibadan.

He is currently an Alternate Executive Director in the International Monetary Fund (IMF) In Washington DC, United States of America.

According to the organisers, the UK-Africa Investment Summit, which is hosted by the British Prime Minister, Boris Johnson, is expected to bring together African leaders, international business chief executives and heads of international organisations to create new partnerships that will deliver more investments and jobs to the benefit of people and businesses in African countries and the United Kingdom.

Apart from highlighting new perspectives on UK-Africa Partnership for Prosperity, issues of Sustainable Finance and Infrastructure; Trade and Investment; Future African Growth Sectors and Clean Energy and Climate, are expected to dominate presentations and discussions during the Summit.

With the expected take-off of the African Continental Free Trade Area (AfCFTA) in mid-2020, the London investment summit will provide Nigeria with the opportunity to project itself as a leading investment destination for new industries.

In addition, the summit will deepen Nigeria-United Kingdom investment ties post-Brexit given that Africa currently represents just two per cent of British trade activity, with Nigeria accounting for only 10 per cent of that total.

The Nigerian delegation to the investment meeting will further showcase what the Federal Government has done through policies and legislations to improve the investment and business climate in the country.

While in the United Kingdom, President Buhari will hold a meeting with the Head of the Commonwealth, Prince Charles in Glasgow, Scotland.

The President and his delegation will also have bilateral meetings with Prime Minister Johnson as well as heads of multilateral organisations.

President Buhari will be accompanied to the Summit by Governors Yahaya Bello, Muhammad Inuwa Yahaya and Okezie Ikpeazu of Kogi, Gombe and Abia States respectively.

Also on the presidential entourage are the Minister of Foreign Affairs, Geoffrey Onyeama; Minister of Industry, Trade and Investment, Otunba Niyi Adebayo; the Minister of Finance, Budget and National Planning, Zainab Ahmed; the National Security Adviser (NSA), Maj-Gen. Babagana Monguno (retd); and the Director-General, National Intelligence Agency (NIA), Ambassador Ahmed Rufai Abubakar .

President Buhari is expected back in Abuja next Thursday.

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