Charles Chukwuma Soludo

Charles Chukwuma Soludo
Charles Chukwuma Soludo
Former Governor of the Central Bank of Nigeria
In office
May 29, 2004 – May 29, 2009
President Olusegun Obasanjo, then Umaru Yar'Adua
Preceded by Joseph Oladele Sanusi
Succeeded by Sanusi Lamido Sanusi
Personal details
Born 28 July 1960 (1960-07-28) (age 51)
Aguata LGA, Anambra State
Nationality Nigerian
Spouse(s) Nonye
Children Four
Occupation Economics Professor

Charles Chukwuma Soludo, CFR (born 28 July 1960) is a Nigerian economics professor and the immediate past Governor and Chairman of the Board of Directors of the Central Bank of Nigeria (CBN). He was named Governor on 29 May 2004.[1] He is also a member of the British Department for International Development's International Advisory Group.[1]

Contents

Career

Academia

Dr Soludo has been visiting scholar at the International Monetary Fund, the University of Cambridge, the Brookings Institution, the University of Warwick and the University of Oxford and a visiting professor at Swarthmore College (USA). He has also worked as a consultant for a number of international organizations, including The World Bank, the United Nations Economic Commission for Africa, and the United Nations Development Programme.[1][2][3][4][5]

Soludo is a core professional in the business of macroeconomics. He obtained his three degrees and then professorship at the University of Nigeria in Nsukka, Enugu State. He graduated with a First Class Honors degree in 1984, an M.Sc. Economics in 1987, and a Ph.D. in 1989, winning prizes for the best student at all three levels.[1][5][6]

He has been trained and involved in research, teaching and auditing in such disciplines as the multi-country macro econometric modeling, techniques of computable general equilibrium modeling, survey methodology and panel data econometrics, among others. Soludo studied and taught these courses at many Universities, including Oxford, Cambridge and Warwick. He has co-authored, co-edited and authored about ten books on this subject matter.[6]

In 1998 Soludo was appointed to the position of professor of economics at the University of Nigeria; the next year he became a visiting professor at Swarthmore College in Swarthmore, Pennsylvania, US.[1]

Government

Soludo joined the federal government in 2003. Prior to his May 2004 appointment to the bank chairmanship, he held the positions of Chief Economic Adviser to former President Obasanjo and Chief Executive of the National Planning Commission of Nigeria.[1] In January 2008, in a speech to the Nigerian Economic Society, he predicted consolidation in the private banking industry, saying "By the end of 2008, there'll be fewer banks than there are today. The restructuring of the banking industry has been attracting funds from local and foreign investors, which have increased banks' ability to lend to customers".[7] He hopes to see Nigeria become Africa's financial hub,[8] and considers microfinance important to the federal government's economic policies.[9]

Politics

In September 2009, Soludo announced his aspiration for the seat of the Governor of Anambra State, in the south-eastern Nigeria state's election of 9 February 2010.[citation needed]

On 9 October 2009, the People's Democratic Party (PDP) chose Professor Soludo as their consensus candidate for the position from a field of 47 candidates, after repeated attempts to hold elective primaries were stalled by court injunctions.[citation needed] However, his nomination was contested by 23 of the 47 aspirants, citing lack of transparency in the process.[citation needed]

After this initial rancour, 36 out of the 47 candidates, and several top shots[who?] of the PDP, affirmed their support for Soludo on Wednesday 14 October 2009.[citation needed] However, Soludo went on to lose the election to Peter Obi in an election which was largely considered free and fair according to major election observers.[citation needed] However, with the perceived solid performance of Soludo as the CBN Governor he remains a respected economic policy authority in Nigeria. Political commentators in urging an issue based election campaign in the coming 2011 election has called on aspirants to work with respected economists like Soludo towards an acceptable Economic Plan.[10]

Publications

1992
  • "North-sorth macroeconomic interactions: Comparative analysis using the MULTIMOD and INTERMOD global models", Charles Chukwuma Soludo, Brookings discussion papers in international economics, Brookings Institution (1992)
1993
  • "Implications of alternative macroeconomic policy responses to external shocks in Africa", Charles Chukwuma Soludo, Development research papers series, United Nations Economic Commission for Africa, Socio-Economic Research and Planning Division (1993)
  • "Growth performance in Africa: Further evidence on the external shocks versus domestic policy debate", Charles Chukwuma Soludo, Development research papers series, United Nations Economic Commission for Africa, Socio-Economic Research and Planning Division (1993)
1994
  • "The Consequences of U.S. Fiscal Actions in a Global Model with Alternative Assumptions about the Exchange Regime in Developing Countries”, Ralph C. Bryan and Charles Chukwuma Soludo. Chapter 13 in David Currie and David Vines, eds., North-South Linkages and International Macroeconomic Policy, Cambridge: Cambridge University Press for the Centre for Economic Policy Research. (Brookings Discussion Paper in International Economics No. 103. Washington, DC: Brookings Institution, February 1994.)
1995
  • "Macroeconomic adjustment, trade, and growth: Policy analysis using a macroeconomic model of Nigeria", Charles Chukwuma Soludo, AERC research paper, African Economic Research Consortium (1995) ISBN 9966900268 ISBN 978-9966900265
1998
  • Soludo, Charles Chukwuma (1998). Macroeconomic Policy Modelling of African Economies. Acena. ISBN 9782114294. 
1999
  • "Our Continent, Our Future: African Perspectives on Structural Adjustment", T. Mkandawire and C.C. Soludo, Council for the Development of Social Science Research in Africa, Dakar, 1999, in Journal of Sustainable Development in Africa, 1:2, 1999.
2002
  • "African Voices on Structural Adjustment: A Companion to Our Continent, Our Future", Edited by Thandika Mkandawire and Charles C. Soludo. At least three editions: IDRC/CODESRIA/Africa World Press 2002, ISBN 0-88936-888-0, 280 pp.; Paperback, ISBN 978-0-88936-888-0 Jan 2003; Africa World Press 2003, ISBN 0865437793
  • Okonjo-Iweala, Ngozi; Charles Chukwuma Soludo and Mansur Muhtar (2002). The Debt Trap in Nigeria: Towards a Sustainable Debt Strategy. Africa World Press. ISBN 1592210015. 
2004
2006
  • "Potential Impacts of the New Global Financial Architecture on Poor Countries", Edited by Charles Soludo, Musunuru Rao, ISBN 9782869781580, 80 pages, 2006, CODESRIA, Senegal, Paperback

419 scams

Soludo's name and position are frequently used by con artists in their attempts to add credibility to their advance-fee fraud activities (also known as 419 scams).[11]

References

  1. ^ a b c d e f "Board of Directors". Central Bank of Nigeria. http://www.cenbank.org/AboutCBN/TheBoard.asp?Name=Prof%2E+Chukwuma+C%2E+Soludo%2C+CFR&Biodata=soludo. Retrieved 2008-01-12. 
  2. ^ Róbinson Rojas.- OUR CONTINENT, OUR FUTURE. African Perspectives on Structural Adjustment .- About economic inequality, social exclusion and corruption.-Environment.-Energy.- Dependency Theory, US Imperialism, capitalism, RRojas Databank, The Róbinson Roj
  3. ^ Contributors: Centre de recherches pour le développement international
  4. ^ http://www.styluspub.com/books/AuthorDetail.aspx?id=6264
  5. ^ a b Soludo Appointed CBN Governor, Asia Africa Intelligence Wire, 30-APR-2004.
  6. ^ a b "N25bn capital base: Senate drills Soludo" BNW News: Biafra Nigeria World News.
  7. ^ Adesida, Seun (2008-01-04). "There will be fewer banks in 2008 –Soludo". The Sun News On-line (The Sun Publishing). http://www.sunnewsonline.com/webpages/news/businessnews/2008/jan/04/business-04-01-2008-003.htm. Retrieved 2008-01-12. 
  8. ^ Omonkhanlen, Odidison (2007-12-31). "Financial sector reforms and the judiciary". Nigerian Tribune (African Newspapers of Nigeria). Archived from the original on 2007-12-31. http://web.archive.org/web/20071231122156/http://tribune.com.ng/31122007/banking.html. Retrieved 2008-01-12. 
  9. ^ Atitebi, Tajudeen (2008-01-07). "Microfinance banks take centre stage in". Vanguard Online Edition (Vanguard Media). http://www.vanguardngr.com/index.php?option=com_content&task=view&id=4109&Itemid=49. Retrieved 2008-01-12. 
  10. ^ Economic Plan
  11. ^ urgentmessage.org

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