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The Imperative of Emefiele’s International Recognition on Nigeria’s Economy

By Solomon Semaka
In the Christian Holy Book, Jesus is quoted to have said to the people of his hometown of Nazareth after they failed to recognise his messianic message of the sonship of God that a prophet is not without honour, except in his hometown and among his relatives and in his household.’ (cf Mark 6: 4, English Standard Version). The people of this little town could not believe that the little boy that grew up with them, whose parents they also knew very well could become so powerful, wise and knowledgeable about the law and scriptures like Jesus did. The elders felt they should be the ones teaching him and not the other way around. Even in our homes and offices, we trivialize people’s talents and skills because they come from certain places or are of a certain age or religion. It is also common for people to refuse to accept even the most seasoned technocrat’s leadership because of political party affiliation, tribe and even religious or gender consideration. This analogy can be likened to the case of a great financial wizard and technocrat of the Nigerian banking system in the person of Chief Godwin Emefiele, the indefatigable Governor of the Central Bank of Nigeria.
The global Banking and Financial Community over the years has been keenly observing and documenting his numerous pioneering achievements and technological innovations in the Nigerian banking system and the Central Bank of Nigeria. Little wonder, on Thursday, 13th October 2022 at the Willard Intercontinental Hotel, Washington DC, the Foreign Investment Network (FIN), organizers of the *Euroknowledge* Award For Digital Transformation conferred on the astute financial Wizard, the
‘Euroknowledge Africa Most Innovative Digital Transformation Governor of the Year Award for 2022. This more than ever before calls for genuine celebration and indeed Nigerians who are conversant with the modest yet transformational works Chief Emefiele was doing for the Nigerian economy are in great jubilation and rolling out the red carpet for him.
Chief Godwin Emefiele is no doubt a giant in the area of banking innovations. He is a pioneer not just in Nigerian banking but in Africa and indeed the world at large. The CBN under Emefiele has emerged as a pace-setter in the payments system with pioneering efforts in Central Bank Digital Currency (CBDC). This is the first of its kind and a marvel even to the International Monetary Fund (IMF) and the World Bank who have shown interest and are eager to key into the innovative policy, a brain child of the Central Bank of Nigeria under Godwin Emiefele. This digital currency popularly called e-Naira has clocked one year since its launch with many financial benefits to justify it’s sustainability.
Before the emergence of Emefiele, many Nigerians were ‘unbanked’ and had no access to financial and banking services, especially in rural areas. The CBN under Chief Emefiele changed that narrative and also deepened options for digital payments by licensing many Micro-Financial companies to deliver services to the grassroots. The CBN also licensed Mobile Money Agents that made it possible for Nigerians everywhere to seamlessly operate wallets on their phones, and receive and send money without any hassles. The multiplier effect of this on the economy is unquantifiable.
The CBN had, in the wake of the COVID-19 pandemic saved Nigeria from going into a terrible recession even when almost the whole world was on its knees and barely struggling to keep their economies afloat. The innovative financial management techniques and approaches used by the CBN through the AGMESIS loan scheme for SMEs and Households which stimulated local production helped save the economy. Not just that, the CBN through the able and visionary leadership of Chief Emefiele extended more stimulus packages to youths through the NYSC scheme, manufacturers and other stakeholders, the Nigerian economy did not succumb to the global recession that visited other countries. Nigerians of goodwill across all divides are grateful for this financial mastery of a Nigerian son and patriot who is now receiving international awards with reckless abandon.
Through the financial foresight and determination of the CBN Governor and keeping to the cashless policy of the CBN, Point of Sale Terminals (POS) is spread across the length and breadth of the country. Before now, only in banks could one find POS. With a secured payment system and a robust system for lodging complaints in various financial institutions and other licensed payment agents, POS operators are smiling daily to the bank with their patrons saving many man-hours that were previously wasted queuing in banking halls and bank ATM machines. Apart from the hundreds of thousands of people employed as POS vendors, the deployment of POS and their seeming availability in all shops, schools, churches, fueling stations, motor parks and even in the remotest villages has eased payments and facilitated trade all over the country.
Nigeria has become a hub for direct foreign investments in Nigeria because of the ease of doing business facilitated by the legendary financial wizard. The number of investors indicating interest in the Nigerian business environment especially the financial sector and those already doing business in Nigeria is a confirmation of the fact that Nigeria under Emefiele is a fertile ground for secured and profitable investments. With a secured payment system and a friendly forex regime, investors have nothing to fear as can be seen from the number of new investors choosing the Nigerian destination from all over the world. Nigeria’s economy is indeed growing and history will forever be kind to Chief Emefiele for his innovative financial management skills and prowess.
The CBN in conjunction with the Nigerian InterBank Settlement System (NIBSS) and the Bankers Committee set to float a National Card Scheme to improve the payment system in Nigeria. The project which has already received approval and the nod of all stakeholders is the brainchild of the CBN under Chief Godwin Emefiele. The National Domestic Card scheme is created to help drive acceptance and efficiency and reduce the operating cost of cards in the country. It is configured to address the unique ecosystem that we have to help improve payment across the nation with lower charges. This local content is at its peak with features that support micro-payment and credit, e-government, identity management, transportation, the health sector and agriculture in terms of payment. This and many other innovative solutions are the things the ‘little boy of Nazareth’ is doing that many people do not want to recognize.
As the global world recognizes and honours Chief Godwin Emefiele, it is high time we rally around him and give him our utmost support. It is noteworthy to commend Mr. President for the confidence he has reposed in the financial technocrat in driving the economy. With the ideas and international experience of Chief Emefiele, Nigeria’s banking and financial sector will soon become a rallying point globally.
Rev Solomon Semaka is the Convener Save Nigeria Movement
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Prince Abdulrasheed Muideen Romeo Celebrates Senator Ajibola Basiru’s CIPM Fellowship
The conferment of Fellow of the Chartered Institute of Personnel Management of Nigeria (CIPM) on Senator (Dr.) Surajudeen Ajibola Basiru (SRJ) has drawn widespread commendation, with notable tributes from leaders across sectors. Among them is Prince Abdulrasheed Muideen Romeo, founder of the Prince Romeo Foundation and Chief Executive Officer of Savewell Luxurious Homes Estate Developer, one of the largest estate developers in Abuja.In his congratulatory message, Prince Romeo described Senator Basiru as a father, mentor, and guardian, praising his dedication to human development and principled leadership. “Your commitment, sacrifice, principles, and dedication to human development have earned you this prestigious intellectual award and recognition,” he stated, noting that the senator’s efforts, though often carried out privately and independently, have been widely acknowledged.Prince Romeo’s tribute is particularly significant given his own dual legacy in philanthropy and enterprise. Through Savewell Luxurious Homes, he has played a transformative role in Abuja’s real estate sector, delivering modern and sustainable housing solutions that have reshaped the city’s landscape. His company’s reputation as one of the largest estate developers in the capital underscores his influence in urban development and his commitment to providing opportunities for families to thrive.Beyond business, Prince Romeo’s foundation has championed youth empowerment, education, and community development. His recognition of Senator Basiru’s achievement reflects the synergy between public service and private enterprise — two leaders united by a shared vision of uplifting society.Senator Basiru’s conferment as a CIPM Fellow marks another milestone in a career defined by scholarship, law, and governance. Known for his intellectual depth and passion for human capital development, he has consistently promoted ethical standards and organizational excellence. The CIPM Fellowship, reserved for individuals who have made outstanding contributions to personnel management, affirms his enduring impact on Nigeria’s professional and political landscapes.Prince Romeo’s message also underscores the importance of mentorship in nation-building. “Congratulations once again, my Father, Mentor, and Guardian. You are celebrated, honored, and deeply appreciated,” he wrote, reaffirming his admiration for the senator’s guidance and moral compass.As associates and admirers continue to celebrate Senator Basiru’s achievement, Prince Romeo’s tribute stands out for its blend of reverence and professional recognition. It highlights the diverse ways leaders contribute to national progress — whether through governance, personnel development, or enterprise. Together, Senator Basiru and Prince Romeo exemplify the values of integrity, service, and vision that Nigeria needs to advance its future.
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Hon. Hamma Adama Ali Kumo Celebrates Senator Ajibola Basiru’s CIPM Fellowship
Hon. Hamma Adama Ali Kumo, the Deputy National Financial Secretary of the All Progressives Congress (APC) and Chairman, Board of Trustees of the Industrial Training Fund (ITF), has extended warm congratulations to Senator (Dr.) Surajudeen Ajibola Basiru (SRJ) on his conferment as a Fellow of the Chartered Institute of Personnel Management of Nigeria (CIPM).Hon. Kumo, a seasoned politician and administrator, commended Senator Basiru for his outstanding contributions to human capital development and his principled approach to leadership. He described the recognition as a well-deserved honor for a man whose career has been marked by scholarship, integrity, and service to the nation.In his message, Hon. Kumo emphasized that Senator Basiru’s conferment as a CIPM Fellow reflects not only his intellectual depth but also his enduring commitment to nurturing talent and promoting professional excellence. He noted that the senator’s dedication to personnel management and governance has set a standard worthy of emulation.As APC’s Deputy National Financial Secretary, Hon. Kumo himself is deeply engaged in strengthening accountability and transparency within the ruling party. His role as Chairman of the ITF Board of Trustees further underscores his commitment to building Nigeria’s workforce through skills acquisition and institutional reforms. Against this backdrop, his tribute to Senator Basiru carries the weight of one leader recognizing another for their shared devotion to national progress.Hon. Kumo’s celebration of Senator Basiru’s achievement highlights the importance of collaboration between political leadership and professional institutions. It reflects a broader vision of governance where leaders not only serve in public office but also champion intellectual and professional standards that strengthen society.Associates and observers have described Hon. Kumo’s message as a testament to the camaraderie and respect that exists among Nigeria’s political and professional elite. His words reinforce the idea that recognition of excellence is not only about honoring individual achievement but also about inspiring others to pursue integrity, service, and innovation in their own fields.With this conferment, Senator Basiru joins the ranks of distinguished professionals whose work has shaped Nigeria’s personnel management landscape. Hon. Kumo’s tribute ensures that the honor is celebrated not just as a personal milestone but as a collective achievement for leaders committed to building a stronger, more capable nation.
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Benue PDP Accuses Alia Camp of Political Distraction Over Aondoakaa Suit
The Peoples Democratic Party (PDP) in Benue State has accused political interests aligned with Governor Hyacinth Alia of attempting to distract its 2027 governorship candidate, Chief Michael Kaase Aondoakaa, SAN, through a court action challenging his eligibility to contest the election.
The party made the allegation in a statement signed by its State Publicity Secretary, Bright Yima, following the filing of a suit by four Benue indigenes seeking to prevent Aondoakaa from contesting the 2027 governorship election.
The suit, marked FHC/ABJ/CS/2152/2026, was filed at the Federal High Court in Abuja against the Independent National Electoral Commission (INEC), the PDP and Aondoakaa. The plaintiffs are David Ejembi, Aondoaver Teryila, Joseph Okpanachi and Benedict Orkume. They are asking the court to restrain Aondoakaa from contesting and prevent the PDP from sponsoring him.
The plaintiffs based their case on a previous Supreme Court judgment involving Aondoakaa and argued that the decision has implications for his eligibility to hold public office. The matter is pending before the Federal High Court, which has not yet determined the substantive issues raised in the suit.
Reacting to the development, the Benue PDP said the plaintiffs were not members of the party and did not participate in its May 24, 2026 governorship primary that produced Aondoakaa as its candidate.
“Ordinarily, we would not dignify such distractions with a response. However, for the benefit of the public, it is necessary to state that the plaintiffs are not members of the PDP and did not participate in the party’s consensus governorship primary election of May 24, 2026, which validly produced Chief Michael Kaase Aondoakaa, SAN, as the party’s candidate,” the statement said.
The party said it would refrain from commenting on the merits of the case because it was before the court, but alleged that the litigation reflected growing political opposition to Aondoakaa.
“We are, however, not unaware of the growing desperation among certain political interests who appear uncomfortable with the widespread acceptance and momentum of the PDP candidate across Benue State,” the party said.
The PDP maintained that Aondoakaa satisfied the constitutional requirements for election as governor, citing Sections 177 and 182 of the 1999 Constitution, as amended.
The party further argued that the constitutional provisions on qualification and disqualification from elective office should not be extended through political interpretation.
“The Constitution is clear on the grounds for disqualification from elective office, and no individual or political group can expand those provisions through conjecture or political convenience,” it said.
The party said it remained focused on campaigning on issues affecting residents of Benue State, particularly insecurity, which it accused the Alia administration of failing to adequately address.
The PDP also rejected what it described as attempts to distract its candidate through what it termed “political theatrics masquerading as genuine public interest litigation.”
The legal challenge comes amid heightened political activity in Benue ahead of the 2027 governorship election. The Federal High Court has granted an application for substituted service on Aondoakaa after the plaintiffs’ lawyer told the court that he had been unable to serve him personally. The case has been adjourned until September 29 for further mention.
The court proceedings will determine the legal questions raised by the plaintiffs, while the competing political claims surrounding the case remain matters of partisan interpretation.
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