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Profile of Dr Kingsley I Obiora, New CBN Deputy Governor

The President has sent the name of a young and consummate Nigerian, Dr Kingsley I Obiora to the Nigerian Senate for approval to replace Dr Nnana as Deputy Governor of the Central Bank of Nigeria

Here is a Brief Biography of the New CBN Deputy Governor


Dr. Kingsley Obiora is an Alternate Executive Director in the International Monetary Fund (IMF) in Washington DC, USA. In this capacity, he is a member of the 24-Seat Executive Board, collectively responsible for conducting the daily operations of the IMF.

He also assists to represent the interests of 23 African Countries, including Nigeria, at the Board. He joined the IMF through the globally-competitive “Economist Program” in 2007 and has worked on various countries in Europe, Africa, and Asia.

He has done extensive work on exchange rate assessment, debt sustainability analysis, decoupling and spillovers, real sector analysis, as well as several reviews of financial sector assessments.

Prior to joining the IMF, he worked at the West African Monetary Institute in Accra, Ghana and the Centre for Econometric and Allied Research, University of Ibadan.

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Between October 2011 and May 2014, Dr. Obiorah simultaneously served as Technical Adviser to the Nigeria’s National Economic Management Team as well as Special Assistant to the President Jonathan’s Chief Economic Adviser.

During this time, he played key roles in helping shape the country’s economic policies on several fronts, including on energy subsidies, power sector reform, measurement of job creation, architecture of development financing, diversification of the economy, oil price benchmarking in the budgetary process, regulatory framework for doing business, Port reform, and asset-based economic mapping and modeling.

Dr. Obiora contributed to the preparation of several Presidential Speeches, economic updates, reviews, talking points, and analytical notes for Presidential Retreats. He also led different teams to author several books, chronicling numerous reforms in the Nigerian Economy.

In view of these accomplishments, he received a personal Letter of Commendation from President Jonathan in May 2014.

From June 2014 until July 2018, Dr. Obiorah served as Special Adviser on Economic Matters to the Governor of the Central Bank of Nigeria (CBN).

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In this capacity, he contributed significantly to the overall analytical and policy work of the CBN and led the team of several Technical Aides attached to the Governors Office.

His extensive international and domestic economic experiences were critical in helping the Bank understand the ramifications of, and deal with spillovers from, the external shocks emanating from the significant drop in global oil prices.

He led the team that built the macroeconomic model underlying President Buhari’s Economic Recovery and Growth Plan (ERGP). Dr. Obiora has a first degree from the University of Benin and post-graduate degrees in Economics from the University of Ibadan.


• B.Sc (Ed) Economics and Statistics Benin 1999.

• M.Sc Economics (Distinction) Ibadan 2002.

• PhD Economics Ibadan 2007. Certifications

• Management of Central Banks—Federal Reserve Bank of New York 2016

• Financial Development, Regulation, and Growth — IMF Institute, Washington DC 2007

• Financial Programming and Policies—IMF Institute, Washington DC 2007

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• Econometric Modeling and Forecasting—IMF Institute, Washington DC 2008

• Ph.D Course in Econometrics (Full Semester)—George Washington University, Washington DC, 2009

• Foundations of Macro-Financial Surveillance—IMF Institute, Washington DC 2009

• Empirical Modeling of Macroeconomic Time Series—IMF Institute, Washington DC 2009

• The Design of Growth Policy—IMF Institute, Washington DC 2010

• Panel Data Analysis—IMF Institute, Washington DC 2011

• Fiscal Policy and Macroeconomics—IMF Institute, Washington DC 2011


• Junior Research Fellow—Centre for Econometric and Allied Research (CEAR), University of Ibadan (2003-2006).

• Economist— West African Monetary Institute, Accra GHANA (2006– 2007)

• Economist—International Monetary Fund (IMF), Washington DC, USA. (2007–2016)

• Technical Adviser, National Economic Management Team, Abuja, Nigeria (2011-2014)

• Special Assistant, Chief Economic Adviser’s Office, Abuja, Nigeria (2011-2014)

• Special Adviser on Economic Matters to the CBN Governor, Abuja, Nigeria. (2014-2018)

• Alternate Executive Director, International Monetary Fund (IMF), Washington DC, USA (2018-2020).

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How Nigeria Can Attain Sustainable and Inclusive Growth – Dangote

Billionaire businessman Aliko Dangote has identified what Nigeria needs to drive sustainable and inclusive growth.

Dangote, who is Africa’s richest man, said this via a poat on his twitter handle on Friday.

He said, “Nigeria has one of the largest domestic markets with a population of over 200 million people.

“We need to drive sustainable and inclusive growth through industrialization, economic diversification and import substitution, creating jobs and driving economic prosperity.”

Dangote had on Wednesday aired his views about the Nigerian economy at a Roundtable session with the Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, with the theme “Going for Growth 2.0.”

He said when he read that the Nigerian Customs collected N1.35trn import duties last year, it means the economy isn’t working.

“If the economy is working, the Customs shouldn’t collect that much money, it is the Federal Inland Revenue Service (FIRS) that should,” he said.

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Airbus and Green Africa announce strategic Partnership for 50 A220 Aircraft

Green Africa Airways, Nigeria’s Lagos-based airline, has signed a Memorandum of Understanding (MoU) for 50 A220-300 aircraft, one of the major orders to be placed globally for the A220 programme and the largest ever from the African continent.

Babawande Afolabi, Founder and CEO of Green Africa Airways said the Green Africa story is a story of entrepreneurial boldness, strategic foresight and an unwavering commitment to using the power of air travel to create a better future.

Airbus Chief Commercial Officer Christian Scherer optimistic about the partnership, said the unique characteristics of the A220 will allow the airline to unlock destinations and route pairs that previously would have been considered non-viable.

The A220 is the only aircraft purpose-built for the 100-150 seat market; it delivers unbeatable fuel efficiency and widebody passenger comfort in a single-aisle aircraft.

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