Former President Olusegun Obasanjo has advocated appropriate fiscal and monetary policy synergy that would help revolutionise the banking industry and achieve economic stability.
At the unveiling of the book titled ‘The Power of One Man: How the Soludo-Engineered Consolidation Transformed Nigerian Banks to Global Players’, exactly 20 years after the revolutionary banking consolidation held in Lagos on Saturday, Obasanjo said there is a need for the fiscal authority to have a representative from the Central Bank of Nigeria (CBN) in their team of policy formulation.
The book, written by Ray Echebiri, captured the Nigerian economy, the events that led to 2004/2005 banking consolidations and lessons from the exercise.
Obasanjo, who was represented by former Governor of Cross River state, Donald Duke, said although the apex bank is expected to be an independent entity, appropriate consultations are needed from both authorities to ensure…
Read More