AFRIPOL.ORGIDEAS HAVE CONSEQUENCES
THE PERSON OF THE MONTH: PROF. CHUKWUMA CHARLES SOLUDO
MARCH 15, 2007
Professor Soludo is the Executive Governor of the Central Bank of Nigeria. A renowned banker and an intellectual with a first rate mind. Soludo is a pragmatist and a reformer.
Prior to his appointment, Nigeria banking sector was in the disarray and Nigerian currency Naira was depreciating in value vigorously and was bedeviled with inflation. Professor Soludo initiated the much needed reform in the banking sector and as the chief architect of the reform, he championed and implemented the banking reform which involves massive consolidation of the banking sector. The transformation of the financial houses combated profligacy and ushered in a sound banking system in Nigeria. The affirmative result was immediate, the Banker Magazine, an arm of the Financial Times Group released its world renowned Top 1000 World Banks ranking for 2006 and on the list were nine Nigerian Banks: First Bank, Union Bank, Zenith International Bank, IBTC Chartered Bank, Intercontinental Bank, Spring Bank, GT Bank, First Inland and Oceanic Bank.
Soludo also tamed and curtailed the effect of inflation by application of his expertise on the monetary policy. Recently he gave a facelift to the Naira currency and the new Naira notes have their values written in Nigeria's three major languages, Igbo, Hausa, and Yoruba.
For his clear mission, dedication and achievements the Management and Staff of Afripol Organization chose Chukwuma Charles Soludo as the March PERSON OF THE MONTH.