Kenneth Opara will be succeeding Bayo Olugbemi, whose two-year tenure as CIBN president will end on May 21.
“Our debt servicing ratio is high. We are putting almost 70 per cent of our earnings on debt. This is worrisome,” he said.
“Political office holders should be more innovative in addressing the electricity challenges in the country.”
Some financial analysts have urged the federal government to stop spending N30 billion monthly on electricity subsidy.
Chartered Institute of Bankers of Nigeria (CIBN) has called on the National Drug Law Enforcement Agency (NDLEA) to tackle money laundering and terrorism.
The governor highlighted CBN’s activities so far and projected economic outlook for next year.
![CBN Governor, Godwin Emefiele. [CREDIT: Bloomberg]](https://gazettengr.com/wp-content/uploads/CBN-Governor-Godwin-Emefiele.jpg)
