Latest News

Buhari appoints Sarah Alade as Special Adviser on Finance and Economy

05 Nov 2019, 02:44 pm
Financial Nigeria
Buhari appoints Sarah Alade as Special Adviser on Finance and Economy

News Highlight

Sarah Alade is a former Deputy Governor of the Central Bank of Nigeria.

Sarah Alade, former Deputy Governor, Central Bank of Nigeria

President Muhammadu Buhari has appointment Sarah Alade as his Special Adviser on Finance and the Economy. The appointment of Dr. Alade was announced on Tuesday by the President’s Senior Special Assistant on Media and Publicity, Garba Shehu.

Sarah Alade, who holds a PhD in Management Science (Operations Research) from the University of Ilorin, is a former Deputy Governor, Economic Policy, at the Central Bank of Nigeria (CBN). According to the statement by the President's spokesman, Dr. Alade will be domiciled in the Ministry of Finance, Budget and National Planning.

The appointment of Sarah Alade follows the inauguration of the President's Economic Advisory Council (EAC) in September. The former central banker retired from the apex bank in 2017 after spending 23 years in the bank. Alade acted briefly in 2014 as the CBN Governor. She joined the CBN in 1993 as an Assistant Director in the Research Department, rising through the ranks to become Director, Banking Operations Department in 2004. According to the CBN, Alade served in that capacity as Chairman Board of Directors, Nigeria Interbank Settlement System (NIBSS) as well as Secretary, National Payments System Committee (NPSC).

As Deputy Governor, Economic Policy, Alade was in charge of the Economic Policy Directorate of the CBN, which comprises of the Research, Monetary Policy, Trade and Exchange, Statistics and Financial Markets Departments. As Chair of the Monetary Policy Implementation Committee (MPIC), she interfaced with operational departments and coordinated technical inputs for the Monetary Policy Committee (MPC).

Dr. Alade is a member of the Nigerian Economic Society (NES) and a Fellow of the Nigerian Institute of Operational Research.

Related News