Meet the longest serving Governor of Central Bank of Nigeria and read about some of his achievements.


The Central Bank of Nigeria (CBN) is the Central bank and apex monetary authority of Nigeria established and commenced operations on July 1, 1959. 

The main objectives of the bank are to maintain the external reserves of the country, promote monetary stability and a sound financial environment, and to act as a banker of last resort and financial adviser to the federal government.

In this article, we will be introducing to us the longest serving governor of the Central Bank of Nigeria (CBN) which is none other person than Abdulkadir Ahmed.

Abdulkadir Ahmed (31 October 1940 – 1997) was a Nigerian businessman born in Jama'are , Bauchi State and a civil servant who was Governor of the Central Bank of Nigeria between 28 June 1982 to 30 September 1993.

He held office for over 11 years during democratic government of Shehu Shagari and interim government of Ernest Shonekan, and the military regimes of Generals Muhammadu Buhari and Ibrahim Babangida, this makes him the longest serving governor of the CBN. 

He attended Barewa College , Zaria in 1955. He joined the New Nigerian Development Company in January, 1960. Ahmed studied at the University of Ife in 1961. He graduated from South West London College in 1972.

Prior to being the CBN governor, Ahmed had executive experience with Northern Nigeria Development Company (NNDC) and represented the firm in boards of associated companies such as Arewa Textiles Mills, Northern Nigeria Textiles Mills, Cement Company of Northern Nigeria and Arewa Hotels where he was there financial controller and was later appointed as Commissioner of Finance for Bauchi state (March 1976 - June 1977). 

In 1977, he was appointed a Deputy Governor with the Central Bank of Nigeria.

During his tenure, Governor Ahmed achieved the first debt reduction transaction in the international markets by restructuring the trade arrears of Nigeria into CBN Promissory Notes In 1988 and also initiated the first comprehensive sovereign debt buyback in the international markets, which further reduced Nigeria's foreign exchange burden.

He was a fellow of the Institute of Chartered and Certified Accountants and the Institute of Chartered Accountants of Nigeria.

Ahmed died in Bauchi in 1997 at 57 years of age. 

During his short years on earth he was a rare gem and remembered for good in the history. What will you be remembered for when you eventually died?

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