Senate Confirms Nnanna As New CBN Deputy Gov.

Joseph Nnanna, new CBN deputy governor

               The Senate on Tuesday approved the nomination of Dr Joseph Nnanna as Deputy Governor of Central Bank of Nigeria (CBN).

Nnanna's confirmation followed consideration of the report on his screening by the Senate's Joint Committee on Banking, Insurance and other Financial Institutions.

While submitting the report, Chairman of the committee, Bassey Otu described Dr Nnana as "very resourceful, articulate and a vibrant economist per excellence who convinced members of the panel that screened him of his ability to efficiently handle the job."

Announcing the confirmation, President of The Senate, David Mark, congratulated Nnanna on behalf of the lawmakers, and expressed optimism that the CBN would play a prominent role in the resolution of the current economic situation of the country.

He encouraged the apex bank to work assiduously in tackling the effect of the declining price of crude oil in the international market, on the nation’s economy.