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The Task Ahead for Wale Edun

BusinessThe Task Ahead for Wale Edun

Speculations about who will end up as the Governor of the Central Bank of Nigeria are still ongoing. Because of the still-ongoing drama with former Governor Godwin Emefiele and the Department of State Services (DSS), no one is absolutely sure about who President Bola Tinubu will appoint to head the apex banking institution. But the name of Olawale Edun is being mentioned with increasing frequency, so he might just be the one.

For anyone that knows President Tinubu, the holder of any prominent position has to be a master at what that position requires and also has to possess a loyal spirit. Using his most recent appointments as the basis for decision-making, Edun appears to fit the bill for the CBN governorship position.

Just last month, Edun was named the Special Adviser to the President on Monetary Policy. Such a position is enviable because of its close relations with the obligations of CBN. Adding that to the apparent goodwill that President Tinubu has towards Edun, it would not be surprising if the latter is anointed to continue where Emefiele stopped.

At present, the CBN governorship seat is only half occupied. Since Emefiele was taken into custody, Folashodun Shonubi was selected as the interim governor of the institution. Shonubi is no stranger to the mechanics of the position seeing as he served under Emefiele as the latter’s Deputy. Even so, relatively few corporate and political analysts are confident that Shonubi will be retained as the new CBN governor.

Thus, the dice returns to Edun who is also a capable individual with a blazing trail of corporate management to his name. Should he emerge as the choice of the president, the CBN position would be another bright decoration on his robe of stellar achievements.

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