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Alade retires as CBN deputy governor today

Sarah Alade




The Deputy Governor, Economic Policy, Central Bank of Nigeria, Dr. Sarah Alade, will today (Wednesday) officially retire after 24 years of active service in the apex bank.

She joined the CBN in 1993 as an Assistant Director in the Research Department, where she served as head, State Government Finance Office (1993-1996); head, Federal Government Finance Office (1996-2000); and head, Fiscal Analysis Division (2000-2004).



Alade was appointed director, banking operations department in May 2004. In that capacity, she served as the chairman, Board of Directors, Nigeria Interbank Settlement System as well as secretary, National Payments System Committee.

The highpoint of her career came on February 20, 2014, when she was appointed as the acting governor of the CBN following the sacking of Lamido Sanusi, who is now the Emir of Kano. She had served as deputy governor, economic policy, from March 2007.

Alade also served on teams conducting major economic policy studies, and had been involved in the preparation of the CBN’s monetary and credit policy proposals over the years.


She was actively involved in the drafting of the medium-term economic programme for Nigeria and the International Monetary Fund staff monitored programme/standby arrangement.

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