The Vice Chancellor of Lead City University, Ibadan, Oyo State, Prof. Kabiru Adeyemo, has said the Central Bank of Nigeria needs leaders who can anticipate and respond to emerging challenges, leveraging technology and fostering a culture of continuous improvement.
Adeyemo said this while delivering his address at the 23rd annual public lecture of Lead City Voices in collaboration with the Institute of Chartered Secretaries and Administrators of Nigeria, at Lead City University, Ibadan.
Speaking on the theme, ‘The dynamics of leadership in fiscal and monetary policies: The Central Bank of Nigeria in perspectives’, Adeyemo stated, “The global economic landscape has been subject to various challenges and uncertainties, and in the face of such turbulence, the role of effective leadership in shaping fiscal and monetary cannot be overstated.
“The CBN is tasked with the critical responsibility of maintaining financial stability, promoting economic growth, and preserving the value of the national currency, the CBN must embrace forward-thinking policies that adapt to the realities of the global economy.”
These were complex tasks that demanded exceptional leadership skills and a deep understanding of the economic landscape,” he said.
Adeyemo added, “Transparency and accountability are two fundamental pillars that underpin effective leadership.
“In order to build trust and confidence, the CBN must be transparent in its decision-making processes and communicate its policies and actions clearly to the public.”
He said that accountability ensured that leaders were held responsible for their actions and decisions, fostering a culture of integrity and ethical conduct.
Speaking on monetary policy, particularly, regarding targeting inflation, Adeyemo suggested that government should continue to maintain an inflation-targeting framework to keep inflation within a predetermined range.
“This can help stabilise prices, promote economic stability, and provide a conducive environment for sustainable growth,” he said.
Credit: punchng.com
