Sarah Alade
| Dr Sarah Alade OON |
|
|---|---|
| Deputy Governor of the Central Bank of Nigeria (Economic Policy) | |
| Assumed office 26 March 2007 |
|
| Personal details | |
| Born | Offa, Kwara State Nigeria |
| Nationality | Nigerian |
| Alma mater | University of Ife (BSc (Hons)) University of Melbourne (MCom) University of Ilorin (PhD) |
| Profession | Economist. |
Dr Sarah Alade was the acting Governor of the Central Bank of Nigeria during the suspension of Lamido Sanusi until his tenure ended.[1] She was appointed to the post by President Goodluck Jonathan on 20 February 2014.[2] Dr. Sarah Omotunde Alade was appointed Acting Governor of the Central Bank of Nigeria from 20 February 2014 until the appointment of Godwin Emefiele.[3] Prior to this time, she had served as Deputy Governor (Economic Policy), Central Bank of Nigeria from 26 March 2007.
Life
Alade attended the University of Ife, Ile-Ife where she obtained a B.Sc (Hons) degree in Economics in 1976. She also obtained an M.Comm degree at the University of Melbourne, Australia in 1983 and a Ph.D Management Science (Operations Research), from the University of Ilorin in 1991.[4]
Dr. Sarah Alade commenced her working career in 1977 with the Ministry of Finance and Economic Development, Ilorin, Kwara State. In 1991, she joined the University of Ilorin as a Lecturer in the Department of Accounting and Finance. She joined the Central Bank of Nigeria 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 has served on the teams on major economic policy studies, and has been involved in the preparation of Central Bank of Nigeria’s Monetary and Credit Policy Proposals over the years. She was actively involved in the drafting of the Medium Term Economic Programme (MTP) for Nigeria and the IMF staff Monitored Programme/Standby Arrangement.
Alade was present as Deputy Governor when it was announced that five Nigerian bank CEOs were being dismissed on 13 August 2009. Five replacements were named by the Central Bank of Nigeria with immediate effect including Olufunke Iyabo Osibodu to lead the Union Bank of Nigeria and Suzanne Iroche who took over as CEO of FinBank.[5]
Alade was appointed Director, Banking Operations Department in May 2004. In that capacity, she served as Chairman Board of Directors, Nigeria Interbank Settlement System (NIBSS) as well as Secretary, National Payments System Committee (NPSC).
Dr. Alade was a member of the Technical committee of the Vision 2010 and currently a member of the Technical Committee of Vision 2020 and member of the National Economic Management Team (EMT).
As Deputy Governor, Economic Policy, Dr. Mrs. Alade superintends over the Economic Policy Directorate, comprising the Research, Monetary Policy, Trade and Exchange, Statistics Departments and Financial Markets Department. As Chair of the Monetary Policy Implementation Committee (MPIC), she interfaces with operational departments and coordinates technical inputs for the Monetary Policy Committee (MPC). Dr. Alade, who is a member of the Nigerian Economic Society (NES), has several publications to her credit and is currently carrying out research into Interest Rate Policy and Monetary Policy Implementation in Nigeria. Dr. Mrs. Alade is a Fellow of the Nigerian Institute of Operational Research.
Alade served as acting governor from February 2014 until Godwin Emefiele took over.[3]
References
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- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ 3.0 3.1 Godwin Emefiele new CBN governor], VangouardNGR, Retrieved 23 February 2016
- ↑ Sarah Alade, Cenbank.org, Retieved 23 February 2016
- ↑ CBN sacks 5 Banks Directors, Gabriel Omoh and Babajide Komolafe, 14 August 2009, VanguardNGR, Retrieved 23 February 2016
