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CBN pensioners congratulates Emefiele on re-appointment

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• Seek upward review of allowance
The Central Bank of Nigeria (CBN) Pensioners’ Welfare Association (CPWA), has congratulated the Governor of CBN, Godwin Emefiele, on his re-appointment for a second term of five years.

The group said his re-appointment by President Muhammadu Buhari, and the subsequent confirmation by the Senate, is a veritable testimony that his overall performance during his first term was satisfactory.

A letter signed by CPWA Chairman, Bayo Ademola, and General Secretary, Felix Obi, gave instances of some success stories in Emefiele’s first term that would have largely contributed to his re-appointment.

Among the successes were the achievement of exchange rate stability for two years now, the formulation and sustenance of appropriate monetary policy measures that have led to a steady growth of foreign reserves from less than $30 billion in 2015 to about $50 billion.

Stating their challenges, the pensioners reminded him of matters relating to their welfare that are awaiting his necessary action.
According to them, the agreement reached after the meetings between the representatives of the CBN management and pensioners for the upward review of pensions, and a significant enhancement of the medical allowance payable to pensioners are yet to be implemented.

The pensioners added that under Emefiele’s leadership, the active participation of the CBN in promoting increased agricultural productivity, particularly through the Anchor Borrowers’ Programme (ABP), has reduced the outflow of scarce foreign exchange that would have been required for large-scale importation of the commodity.

“We heartily hail your re-appointment. We only hope that you will do better in your second term, as you have promised to extend the CBN’s interventionist agenda to other sectors of the economy,” the letter reads.

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