Vanguard
12 August 2011
Former World Bank chief Ngozi Okonjo-Iweala, Mr Olusegun Aganga minister of Trade and Investment as well as Nigeria’s Central Bank Governor Lamido Sanusi are expected to spearhead Nigeria’s economic recovery, but how the two ministers deal with tensions between them and the CBN will determine their success.
Dr. Okonjo-Iweala is expected to take up the role of Coordinating Minister for the Economy and Minister of Finance, Monday 15, an expanded version of the role she held between 2003 and 2006 when she successfully secured Nigerian debt relief. Dr Okonjo Iweala is believed to have negotiated with the President clear terms on which she would be willing to return to serve in government, including being given broad powers over economic management and freedom from political meddling.
Dr Okonjo Iweala and Olusegun Aganga are big personalities that are well respected internationally. Sanusi the CBN Governor has in recent time spread his remit well beyond the fundamental role of the central bank which may lead to a clash of personality in not too distant time.
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