Former President Olusegun Obasanjo, on Saturday, unveiled a ebook on how the Soludo-engineered consolidation remodeled Nigerian banks.
Obasanjo, who was represented by a former Cross River State Governor, Donald Duke, on the unveiling of the ebook written by the Chief Govt Officer of Centre for Monetary Journalism, Dr Ray Echebiri.
The title of the ebook is: “The Energy of One Man: How The Soludo- Engineered Consolidation Reworked Nigerian Banks to World Gamers”.
Obasanjo stated all gamers within the Nigerian economic system in addition to the federal government in any respect ranges must work hand in hand to enhance the present state of affairs of the nation.
“Because the title of the ebook says, with out the group we cannot win the match; the captain is Soludo, together with his group, and I take delight in all of the group.
“Sure, the CBN governor made a coverage however the weight of the federal government can also be vital.
“When Soludo took over, I may inform the distinction between a banker and an economist and we want somebody who sees the nation holistically.
“We admire the creator of this ebook and we sit up for the amount two of the ebook,” he stated.
Additionally talking, Governor Babajide Sanwo-Olu of Lagos State stated there was a necessity for the present management of the Central Financial institution of Nigeria to make use of the gathering to “check the blood stress and temperature” of the system.
Sanwo-Olu stated that hopefully, within the subsequent 20 years from now, they might additionally collect to do one other assessment on the consolidation of banking sector.
“You’re on the correct factor observe of doing it proper; we hope you’ll full it and stand tall with out minding any stumbling block.
“It’s robust for we within the public sector presently; we have no idea how we’ll survive the stress on us.
“This ebook is coming presently when there’s want for all economic system consultants, bankers,businessmen ,politicians and leaders to mirror on the required options we have to make higher selections,” he stated.
Additionally, Governor Dapo Abiodun of Ogun known as for the correct decisions to be allowed to deal with public places of work in all sectors.
Abiodun stated that the affect of appointing the correct option to service public sectors was essential for the expansion of our economic system.
“Presently,the nation’s economic system goes by means of turbulence; we want the stakeholders in CBN to do one thing, in order that within the subsequent 20 years we will collect like this.
“Soludo was not an unintentional CBN governor as a result of he was so cerebral that he received a number of prizes all by means of in his lecturers,” he stated.
In his remarks, Governor Charles Soludo of Anambra stated that his household had gone into exile due to banking consolidation because of a number of threats and assaults from completely different folks.
The previous CBN Governor stated that it was a harmful “playing and warfare” however, “right now we may write about it”.
He stated, “Let me begin with a disclaimer, I’ve not learn the ebook. My gratitude goes to the creator of this ebook and I admire my main unbelievable group.
“I additionally thank the Nigerian stakeholders for the large assist as a result of it was like a revolution time; right now, we’re celebrating the potential for Nigeria.
“The revolution modified the Nigerian banking system ceaselessly.
“As a frontrunner, you should be self-sacrificing and able to pay the value to keep away from private curiosity.
“The most important message of right now is the revolution for the banks themselves, who have been now giants, resembling Entry and Normal Belief Financial institution.
“I would like everybody to know that what’s stopping and limiting us from creating is our thoughts. If we will dream it, we’ll obtain it.”
In his opening remarks, Prof. Akpan Ekpo, former Director-Normal,West African Institute for Monetary and Financial Administration, stated the occasion was essential as a result of consolidation within the banking sector was numbing.
Ekpo stated that the banking sector was essential within the economic system , and wanted high quality folks to drive the system.
In keeping with him, Soludo is a part of the “change and energy of 1 man”.
“Throughout the consolidation train,there have been a variety of challenges however he took the braveness which made our banking system grow to be a significant participant,” he stated.
Governor AbdulRahman AbdulRazaq of Kwara, Dr Kayode Fayemi, a former governor of Ekiti State; Mr Ahmad Mu’azu, former Governor of Bauchi State, and representatives of the CBN have been all current.
The ebook has 263 pages and was reviewed by Mr Azu Ishiekwene, Senior Vice-Chairman and Editor-in-Chief of Management Newspapers.
NAN