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May 21st, 2014
Sarah Alade

Sarah Alade

Sarah Alade, Acting Governor of the Central Bank of Nigeria

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Sarah Omotunde Alade was appointed Acting Governor of the Central Bank of Nigeria on February 2014.

Prior to this time, she had served as Deputy Governor (Economic Policy), Central Bank of Nigeria from 26th March, 2007.

Alade attended the University of Ife, Ile-Ife, now Obafemi Awolowo University, where she obtained a B.Sc (Hons) Degree in Economics in 1976.

Alade also obtained an MComm Degree at the University of Melbourne, Melbourne, Australia in 1983 and a PhD Management Science (Operations Research), from the University of Ilorin in 1991.

Alade commenced her working career in 1977 with the Ministry of Finance and Economic Development, Ilorin, Kwara State.

In 1991, Alade joined the University of Ilorin as a Lecturer in the Department of Accounting and Finance.

Alade 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.

Alade 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 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).

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, 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).

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.

Alade is a Fellow of the Nigerian Institute of Operational Research.

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