FGN STATEMENT: Soludo Retains My Trust, Says Yar`Adua

No Comments » August 31st, 2007 posted by // Categories: Important Documents



STAR RE-ENDORSEMENT: Soludo Retains my Trust,

Says Umaru Musa Yar’Adua





Soludo retains my Trust – Yar’adua
Aug 28, 2007, 15:09

Against the background of the suspension of the Central Bank of Nigeria’s plans for the re-domination of the Naira and the various comments and speculations that have followed, President Umaru Musa Yar’Adua wishes to affirm that he retains his trust and confidence in the competence and ability of Prof Chukwuma Soludo to manage the CBN professionally, efficiently and effectively.

Furthermore, President Yar’Adua wishes to emphasize that his Administration fully recognizes and will continue to respect the autonomous powers granted the Board and Governor of the Central Bank of Nigeria by the CBN Act, 2007.

It is the President’s expectation that under Prof. Soludo’s leadership, the Central Bank of Nigeria will continue to make immense and significant contributions to the Federal Government’s efforts to accelerate the pace of economic development in Nigeria.

In this regard, all programmes and policy initiatives of the bank which fall within the ambit of its powers and authority, as enshrined in the CBN Act, 2007 and other relevant laws, will continue to have the full support and approval of President Yar’Adua.

Olusegun Adeniyi
Special Adviser to the President (Communications)
August 28, 2007

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