Should Tony Elumelu Be The Next CBN Governor?

As we all know, Nigeria’s Central Bank Governor, Sanusi Lamido Sanusi, will be forced to leave his post in March, 2014, two months before the formal expiration of his tenure. Two sources at the Presidency and a source at the Central Bank told SaharaReporters that Mr. Sanusi has been ordered to proceed on a post-retirement leave in March. If the Mr.President would make a replacement with someone credible and vibrant, do you think Tony Elumelu would be the right choice?

Some are of the opinion that, “President needs an image maker, a redeemer. He will be looking for political credits at home and internationally and a solid technocrat in the like of his Agric Minister, Akinwunmi Adesina, will be the proper fit. Someone that international partners can respect; it will extend respect and redemption to the Preaident. while others feel that, “the post of CBN would kind of belittle Elumelu. The guy is poised for much bigger. Boggling him down in regulatory bureaucracy would not cut it for Elumelu. The trending words today in global finance are impact investment, conscious capitalism and social entrepreneurship. Elumelu is at the forefront of these three with his Africapitalism model. For a regulatory institution like CBN, we need folks who are long on policy framework design and implementation. A Soludo type who can easily create policy and convert it into practicality. Not a lot of people come to mind