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Obasanjo launches book on how Soludo’s engineered consolidation transformed Nigeria’s banks

Former President Olusegun Obasanjo on Saturday launched a ebook on how the consolidation carried out by Soludo remodeled Nigeria’s banks.

Obasanjo, represented by former Governor of Cross River State, Donald Duke, on the unveiling of the ebook authored by the Chief Govt Officer of the Centre for Monetary Journalism, Dr. Ray Echebiri.

The title of the ebook is: “The Energy of One Man: How Soludo-Designed Consolidation Remodeled Nigerian Banks into World Gamers”.

Obasanjo mentioned all gamers within the Nigerian financial system and authorities in any respect ranges should work carefully collectively to enhance the present state of affairs within the nation.

“Because the title of the ebook says, with no workforce we will not win the sport; the captain is Soludo, together with his workforce, and I am pleased with the entire workforce.

“Sure, the CBN governor has made a coverage, however the weight of the federal government can also be essential.

“When Soludo took over, I may see the distinction between a banker and an economist. We’d like somebody who can see the nation holistically.

“We recognize the creator of this ebook and sit up for the second a part of the ebook,” he mentioned.

Additionally, Lagos State Governor Babajide Sanwo-Olu mentioned there may be want for a gathering of the present management of the Central Financial institution of Nigeria to check the “blood stress and temperature” of the system.

Sanwo-Olu mentioned they’ll hopefully meet once more in 20 years to overview the consolidation of the banking sector.

“You’re heading in the right direction to do nicely. We hope you end it and stand tall with out operating into any issues.

“It is robust for us within the public sector proper now; we do not know the way we’ll survive the stress on our our bodies.

“This ebook comes at a time when all financial consultants, bankers, businessmen, politicians and leaders want to consider the options we have to make higher selections,” he mentioned.

Governor Dapo Abiodun of Ogun additionally referred to as for making the best decisions to carry public positions in all sectors.

Abiodun mentioned the affect of appointing the best individual to serve public sectors is paramount to the expansion of our financial system.

“Presently, the nation’s financial system is in a turbulent interval. We’d like stakeholders in CBN to do one thing in order that we will come collectively on this approach for the subsequent twenty years.

“Soludo was not a CBN governor by likelihood as a result of he was so clever that he gained a number of awards throughout his research,” he mentioned.

Anambra Governor Charles Soludo in his speech mentioned his household had gone into exile as a result of financial institution consolidation, which occurred on account of a number of threats and assaults from totally different individuals.

The previous CBN governor mentioned it was a harmful “gamble and struggle” however that “we may write about it right this moment”.

He mentioned, “Let me begin with a disclaimer, I’ve not learn the ebook. My thanks go to the creator of this ebook and my appreciation to my wonderful unbelievable workforce.

“I additionally need to thank the Nigerian stakeholders for the great help as a result of it was like a revolutionary time; right this moment we’re celebrating the chance of Nigeria.

“The revolution has modified the Nigerian banking system endlessly.

“As a pacesetter, you should be self-sacrificing and keen to pay the worth to keep away from private pursuits.

“The primary message right this moment is the revolution for the banks themselves, which have now grow to be giants corresponding to Entry and Normal Belief Financial institution.

“I need everybody to know that what holds us again and limits our growth is our thoughts. If we will dream it, we’ll obtain it.”

In his opening handle, Prof. Akpan Ekpo, former Director Normal of the West African Institute for Monetary and Financial Administration, mentioned the occasion was essential as consolidation within the banking sector was having a numbing impact.

Ekpo mentioned the banking sector is essential to the financial system and there may be want for certified personnel to maintain the system operating.

Based on him, Soludo is a part of the “change and energy of 1 man”.

“There have been many challenges in the course of the consolidation train, however he confirmed the braveness that made our banking system a serious participant,” he mentioned.

Governor AbdulRahman AbdulRazaq of Kwara, Dr. Kayode Fayemi, former Governor of Ekiti State; Mr. Ahmad Mu’azu, former Governor of Bauchi State, and representatives of the CBN had been all current.

The ebook is 263 pages lengthy and was reviewed by Mr. Azu Ishiekwene, Senior Vice President and Editor-in-Chief of Management Newspapers.

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