Why I Won't Seek A Second Term – Sanusi

The governor of Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi has said that he does not plan to vie for a second term as governor of the CBN because the job he set out to do is already largely done. Sanusi said that he had intimated President Goodluck Jonathan way back in 2011 that he would not be interested in seeking second term in office on the expiration of the present tenure in June 2014. “I informed the president going back to 2011 that I would not be interested in serving for two terms,” Sanusi told Bloomberg adding that  ``the job has been done, largely’’. The apex bank governor who re-echoed his stance on second term in a chat with Bloomberg on March 24, 2013 in Lagos, stated categorically that he would not seek renewal of tenure as he considers a single term enough to make a lasting positive impact in the financial system and the economy in general.

Sanusi also said that he supported keeping monetary policy rate (MPR) which serves as the benchmark interest rate on hold at 12 per cent to contain inflation in Africa’s top-oil producing nation as policy makers increasingly opt for a cut. “My own inclination is to just hold and just continue doing what we’re doing, because it has worked very well. But I’m only one vote in the monetary policy committee. The votes to ease are beginning to increase,” Sanusi said. continued