Femi Aribisala: Kingsley Moghalu For President [MUST READ]

In just a few months, Nigerians go once again to the polls to choose our next president. This is the

In just a few months, Nigerians go once again to the polls to choose our next president. This is the opportunity we have to determine our destiny. It is a civic duty that comes only once every four years. Therefore, it must be entered into like a marriage; soberly and with full presence of mind.

Of those who have expressed interest in seeking our vote, one man stands head and shoulders above the rest. That man is Professor Kingsley Chiedu Moghalu.

Moghalu has what it takes to be Nigeria’s next president. He is experienced, but not antediluvian. He is young but not naïve. He is not a lackey of the old guard but not abhorrent to them. He has both a national and an international pedigree. Moreover, he is a visionary, very intelligent and highly driven. He is our very own Emmanuel Macron, a man destined to change the course of Nigeria’s political landscape.

Moghalu is our very own Emmanuel Macron, a man destined to change the course of Nigeria’s political landscape.

With Moghalu’s election as president, certain problems that have bedeviled us of recent will be things of the past. With President Moghalu, there will be no more apologetics for the murderous onslaughts of Fulani herdsmen. As a matter of fact, one of his cardinal policies is to increase the Nigeria Police from its measly 350,000 strength to 1.5 million.

With President Moghalu, there will be no more agitation for the dismemberment of Nigeria. Instead, his very election will heal our wounds and calm frayed nerves. What he proposes is a return to “true federalism.” Says Moghalu: “The political and constitutional structure of Nigeria affects its economic management, in our case in a very negative manner because the potential productivity of the country’s component regions and states is suppressed by the rent-seeking politics to control absolute power at the center and dispense patronage. This is part of why constitutional restructuring for a true federalism is essential.”

With President Moghalu, politics will not overshadow policy. Quoting John F. Kennedy, Moghalu insists: “Politics is too important to be left to the politicians.” He says: “It is time to act on the reality that Nigeria will not achieve economic development and transformation on the current trajectory of its politics. The present political leadership class simply does not have the skills and the background that are fit for purpose. Technocratically competent and visionary political leaders are what it will take to reposition the Nigerian economy for sustainable growth and transformation.”

Kingsley Moghalu first came on my radar when Financial Nigeria flew him to London in 2012 to deliver the keynote address at the Nigeria Development and Finance Forum (NDFF). Then, he presented a lucid paper entitled: “Prospects of Financial Stability in Nigeria and the Links to Economic Transformation.” A year later, I had the distinct privilege of being asked to review his book: “Emerging Africa: How the Global Economy’s Last Frontier Can Prosper and Matter;” a book that Ngozi Okonjo-Iweala describes as “a tour de force on Africa’s transformation.”

As I observed at the time, Moghalu’s Africa is quintessentially African. It is not borrowed. It is not a copycat. It is not stolen. It is not reliant on European blueprints or leftovers. It is endogenously African.

His siren is an African version of Obama’s “yes we can.” Yes, we can transform our economies within a generation. Yes, we can do it without undue reliance on foreign aid. Yes, we can create our own endogenous technology without relying on the pipe-dream of technology transfers. Yes, we can renovate, innovate, and modernize by forming a nexus between politics and economics.

But now, Moghalu’s focus is firmly trained on Nigeria. In a new book, launched just this February 2018, entitled: “Build, Innovate and Grow (BIG): My Vision for Nigeria;” Moghalu presents a blueprint for his bid for the presidency. This new book is quite simply a masterpiece of innovative ideas and policy prescriptions designed to renovate, re-build and grow our economy and polity.

What you get from Moghalu is not politics but policy. That is why he needs to stay well away from the PDP and the APC; odd-jobbers mired in politics without policy. Listen very carefully to the cacophonies emerging from these two major national parties at this crunch moment in our history, and you will discover that there is no policy debate whatsoever; just a bitter and vicious struggle for power and patronage that, in the APC especially, even results in killings and assassinations.

We have had enough of this. The time is long overdue for the likes of Kingsley Moghalu to engineer a hostile takeover of Nigerian politics at the ballot box. We need to forge a new departure. What we need are men and women like Kingsley Mogahalu up and down the ballot in order to build a new Nigerian political class, a new Nigerian political culture and a new Nigerian political future.

The Nigerian electorate must come of age. We cannot continue in the failed tradition of electing leaders who don’t have a clue what government entails in 21st century Nigeria. We need to admit that the failure of government in democratic Nigeria is a failure of the electorate. We have failed to put the right people into power. We have failed to apply wisdom in the voting booth. Instead, we have opted for the stolen-monied, the charlatan, the snake-oil salesmen, the smooth-talking babalawos, and the wise-cracking ethnic jingoists.

It is past time for something different; something avant-garde; something forward-looking; something innovative and imaginative. We need something not mired in the age-old ethnic diatribes, something with a new vision and perspective, something that harnesses the latent potentials of Nigeria into our very own Unbound Prometheus. Says Moghalu: “We must create a rising tide that lifts all boats, not just those of relatives and tribesmen and women.”

Our motto today should be out with the old: in with the young. Out with the politicians: in with the technocrats. Out with the primordial: in with the cutting-edge. Out with the ethnocentric and tribalistic: in with the inclusive and nationalistic.

Look around the world we are in today, the old is making way for the new. Look at the success-stories of the African continent and you will find men and women like Paul Kagame of Rwanda, and Ameena Gurib-Fakim of Mauritius. These are the beautiful ones the likes of whom are not yet born on the Nigerian political landscape. Look farther afield and you find dynamic men like Justin Trudeau of Canada, and Emmanuel Macron of France. That is the way of the world today that still remains anathema in Nigeria to our detriment.

Not anymore! Says Moghalu: “An economy cannot be managed to progress that is beyond the vision, capacity and competence of the political leadership, regardless of how many brilliant technical economists abound in a country. If the political leadership lacks vision, is venal and focused on other priorities, sound technocrats can’t achieve very much. Their full potential contribution will be suppressed by political decisions above them, usually taken in caucuses at night in places that are not offices.”

What this means is that Nigeria needs to leap-frog into the 21st century. Our persistence in recycling old cargoes must come to an end. We cannot afford to continue to elect abject failures in the hope that somehow, they will one day succeed. We can no longer afford to elect as president politicians who are sick and ailing. We don’t need famous men who specialize in doing nothing. This is the jet age and Nigeria is lagging too far behind. We must run much faster if we are ever to stand the chance of catching up. We have no business with “go-slow.”

Since our gerontocratic oligarchs have refused to go into voluntary retirement, let us throw them all a send-off party in the 2019 election. Let us elect a completely new slate of leadership more in tune with the yearnings of our 200 million population. With the Asian tigers already on the move, let us release the Nigerian cheetahs and the lions from the reservation. It time to renovate, innovate and be motivated. This giant called Nigeria must be woken up from its 60-year slumber.

With Moghalu, Nigeria will have a president bursting with ideas. Hear him: “The fundamental solutions to our crisis of economic growth and development lie in leadership. Not the politics-as-usual of the past, but a new kind of politics of ideas. It will take this kind of politics to produce the vision and political will to undertake the necessary economic and institutional reforms.”

“It will take this kind of politics to educate and mobilize ordinary Nigerians to new ways of economic transformation and their enlightened, collective self-interest in supporting the creation of a new economic paradigm that dramatically cuts down joblessness and poverty. It takes knowledge, which is the true wealth of nations, to even know where to begin, how to proceed, and the direction in which we should be headed.”

When was the last time you heard a speech by a Nigerian leader that was inspirational? My wife heard Moghalu speaking about his vision for Nigeria for the very first time and was mesmerized. “The man is impressive,” she concluded. This should come as no surprise. Moghalu has the pedigree and experience to bring a new dynamism to Nigerian leadership.

Over the years, he has been involved in academia, economic policy, banking and finance, entrepreneurship, and law and diplomacy. Among other things, he was a Professor of International Business and Public Policy at the prestigious Fletcher School of Law and Diplomacy at Tufts University in Massachusetts, USA.

He was also Deputy Governor of the Central Bank of Nigeria from 2009-2014, where he led in the execution of extensive reforms in the Nigerian banking system. Before these, he worked at the United Nations for 17 years, rising to the position of Director.

They thought George Weah could not win, but he is now the President of Liberia. They thought Emmanuel Macron did not have a chance, but he wiped the slate clean and became president of France with a brand-new slate of legislators.

If you are one of those doubting Thomases who thinks competent, honest and industrious men like Moghalu don’t stand a chance in Nigerian politics, just wait and see. As he continues to crisscross the country, holding town hall meetings, engaging the man-in-the-street and laying the foundation for a veritable political revolution, don’t be surprised when in February 2019, after the first run-off election in Nigeria’s political history, Kingsley Moghalu emerges as the new president of the Federal Republic of Nigeria.

Femi Aribisala is an iconoclastic church pastor in Lagos. He is also a syndicated essayist for a handful publications in Nigeria. Connect with him on Twitter at @FemiAribisala and at his website, www.femiaribisala.com.

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‘Defeating Buhari In 2019 Will Be Easy’ – Presidential Aspirant Moghalu

Kingsley Moghalu, a former deputy governor of the Central Bank of Nigeria, has said that defeating President Muhammadu Buhari in

Kingsley Moghalu, a former deputy governor of the Central Bank of Nigeria, has said that defeating President Muhammadu Buhari in the 2019 general elections will be easy.

Moghalu, a 2019 presidential aspirant, spoke on Wednesday, May 16, 2018, while inaugurating his support organisation in Awka, Anambra State.

He said Buhari had squandered the goodwill Nigerians accorded him during the 2015 general elections.

He said he was running for the 2019 Presidential election against President Buhari using his (Buhari’s) poor records and performance as his (Moghalu’s) campaign tools.

He said, “Nine million people have lost their jobs since Buhari came to power in 2015; Nigeria has become a killing field under him, even though he was a General.

“Buhari is running on an old name. I will beat him by simply using his poor record.

“Under Buhari, Nigeria has become the poverty capital of the world. We have more people that are poor.”

Identifying leadership as the central challenge of Nigeria, Moghalu said what the country had was transactional leadership instead of transformational leadership.

On his campaign organisation, he said, “We are setting this up in all the 36 states of the country.  We are doing this because we need a leader and not a ruler.”

Reminded that the thinking of the nation was that the president in 2019 should come from the north, Moghalu described it as a retrogressive idea, stressing that such thoughts were the bane of the country.

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Moghalu: Rotational presidencies promoting bad leadership

Obinna Odogwu, Abakaliki A presidential aspirant for the 2019 General Elections, Prof. Kingsley Moghalu, has blamed the nation’s poor leadership

Obinna Odogwu, Abakaliki

A presidential aspirant for the 2019 General Elections, Prof. Kingsley Moghalu, has blamed the nation’s poor leadership over the years on a pattern of rotational presidencies between Northern and Southern Nigeria.

He said that the arrangement promotes poor leadership and creates avenues for incompetent leaders to emerge because, according to him, competent aspirants to the position would have been deprived of the a fair shot and opportunity.

The former Deputy Governor of the Central Bank of Nigeria (CBN) stated this in Abakaliki, the Ebonyi State capital, during the inauguration of the Kingsley Moghalu Support Organization at Monablis Hotels.

Moghalu argued that career politicians in the country often sell the idea of rotational presidencies to whip up unnecessary sentiments which, he said, beclouds the reasoning of the voting population, who end up voting in incompetent leaders.

He appealed to Nigerians to do away with the idea, arguing that since the many problems plaguing the country were not zoned, it was unnecessary for anyone to put stock in a rotational presidency.

“There is no zoning in the Nigeria constitution. It is a miff that the presidency is not the turn of anywhere. The presidency is the turn of any competent Nigerian whom the Nigerian people found worthy of keeping the responsibility of becoming president of the Federal Republic of Nigeria,” the presidential aspirant said.

“We are in a democracy and I think it is time we stopped wasting our time on this discussion. The career politicians who are selling this falsehood do not want you to elect good leaders. They want you to remain in poverty and joblessness. Is that what Nigerians want? Time has come to select a Nigerian who can do the job. A Nigerian who can fix the country.

“It does not matter where that person comes from. Let me ask you a question: is unemployment zoned? Is poverty zoned to any part of this country? Is ‘no electricity’ zoned? So, if our problems are not zoned to anybody, why should selecting leadership that will fix these problems be zoned?” he queried.

The presidential hopeful said, if elected, he would heal Nigeria and restore its economy, as well as create jobs to address the country’s growing unemployment rate and poverty.

“My first priority is to heal Nigeria. Then, we have to restore Nigeria’s economy. So, those are very important priorities. Again, creating jobs, addressing unemployment and poverty, which the country is sinking deeper into, are my concerns.

Moghalu said that he would soon unveil the political platform on which he would breathe life to his ambition.

He said that as a technocrat, he would fight piracy by properly and specifically tasking the law enforcement agencies towards that direction if voted into power.

“Our law enforcement agencies have not been tasked specifically with the fight against piracy; piracy of intellectual property. We have copy right laws in this country. So, we need to pay more attention to that,” he added.

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2019: Why we want Buhari’s job – Presidential Aspirants

Three presidential aspirants have spoken on why they want President Muhammadu Buhari’s job and how they plan to remove him

Three presidential aspirants have spoken on why they want President Muhammadu Buhari’s job and how they plan to remove him from office in February 2019.

The three of them – Kingsley Moghalu, Omoyele Sowore and Datti Baba-Ahmed – spoke in the current edition of The Interview, in their most detailed interviews yet.

Mr Moghalu, a former deputy governor of the Central Bank of Nigeria, said Nigerians would remember President Muhammadu Buhari, “for his record of failed performance on his campaign promises on security, the economy and corruption.”

He said his presidency would reposition Nigeria for economic prosperity, “by creating an enabling environment for a productive, innovation-led economy, with a better approach to taxation that will reduce dependence oil revenues.”

Mr Sowore, the publisher of Sahara Reporters, said, “Buhari is done.”

He laid out a three-pronged policy covering security, power and infrastructure, which he said would lift the country from its present state.

He promised to create at least 250,000 new jobs in the agricultural sector, with commercial ranching operations that would cover 20 million cows.

Mr Baba-Ahmed, the Pro-chancellor of Baze Unversity, Abuja, said, “Buhari’s second term will destroy Nigeria and unsettle the rest of Africa.”

He promised that his government would stabilise the naira by tackling the current high risk factors, reduce interest rates and “flood the capital market with investible funds.”

Two of the aspirants, Messrs Moghalu and Sowore, have not yet announced their party platforms, while Mr Baba-Ahmed was a member of the House of Representatives and a senator on the platform of the Peoples Democratic Party (PDP).

The Publisher of popular news website, Sahara Reporters, Omoyele Sowore

The MD/Editor-In-Chief ofThe Interview, Azu Ishiekwene, described the edition as “the most comprehensive window yet on aspirants who could be the biggest disruptors in the 2019 presidential race.”

The interviews covered campaign funding, the incumbency factor, and the antecedents of the aspirants.

Also in this edition, a faculty member of the Enterprise Development Centre of the Lagos Business School, Helen Emore, spoke extensively on the problems of SMEs in Nigeria; while Interview Confidential, provides the inside story of the travails of Senator Dino Melaye.

2019: Time to Build, Innovate and Grow (BIG)

The choice that faces Nigeria in the 2019 presidential election is one between progress and retrogression, between scary poverty and

The choice that faces Nigeria in the 2019 presidential election is one between progress and retrogression, between scary poverty and the prospect of prosperity for millions of our citizens and not just the elite few, between our freedom and our continuing false imprisonment by the political elite that have brought us to our present sorry pass. I want to lead our country as its president because I have a BIG vision for the future of our children and youth.

On current trends of what passes for governance in Nigeria and despite our dynamism and resourcefulness as a people, that future is a bleak one. Except, of course, something radically new, different and bold happens in our politics and leadership selection process. Millions of our countrymen and women share my vision. That vision represents the opportunity to move our country in a new and different direction from the inevitable limitations of our recycled and failed politicians. It is time.

Nigeria is now the poverty capital of the world. According to the World Poverty Clock, we overtook India in February as the country with the greatest numbers of people who live in extreme poverty. India has a population six times the size of Nigeria’s. Meanwhile, the International Monetary Fund has noted that poverty is increasing in our country and that our economic policy is “muddled”.

We remain the world’s greatest importer of Premium Motor Spirit (refined petroleum) while we export crude oil. How else shall we define madness? Because of incompetent leadership, our government insists on controlling and subsidizing the importation and pricing of PMS. Instead of deregulating the downstream petroleum industry, Nigerians sleep at fuel stations as a result of artificial scarcity whenever this scam is threatened. This has gone on for 40 years. We should be ashamed of ourselves when we elect and re-elect into office politicians whose failed leadership is directly responsible for our poverty. Meanwhile, poverty and unemployment know no tribe or religion. They are “federal character” realities that are widespread across our country.  We need a paradigm shift. It is time.

A healthy debate has ensued since I formally offered myself to serve our country by leading it towards a very different and better future. That debate is about the possibilities for the victory of a “non-politician” and about the “inevitability” of our career politicians and their financial and political behemoth structures as represented by the ruling APC party and the PDP. Nigerians have become a conquered people, their dynamism and potential neutralized by politicians adept at obtaining power for its own sake but inept at governance and economic management. These politicians have intimidated us into believing TINA (There is No Alternative) to them. Not true. We are now awake. The ground is shifting. It is time.

Let me be clear: we (that is, the movement of those that want a better and different Nigeria to which I belong) intend to win the 2019 presidential election. True, we should not and cannot discountenance the obstacles. But we will execute a winning strategy and ground game across the country with discipline and determination. I will announce in the coming weeks the party platform on which I intend to contest the elections.

We should now elect in Nigeria leaders with a vision, character, and the intellectual and technocratic competence required to confront our myriad problems of nation-building, poverty and insecurity. My vision stands on a tripod:

  • First, to heal our country and build a nation;
  • Second, to wage a decisive war against poverty and unemployment, and;
  • Third, to restore Nigeria’s standing in the world.

I have offered myself for the task at hand because I have a passion for my country’s progress and because I believe I have been well prepared for that task by the level, quantum and quality of my leadership experience. From nation-building around the world to economic management at home, from international diplomacy to the global academia, I have demonstrated a track record of creating superior value.

Some have questioned my not having been mired before now in the sleaze that passes for politics in Nigeria – a dubious “credential” in my view. That mindset is exactly the problem: we have too many politicians but very few real leaders.  We are all politics and no leadership. This is precisely why we are a poor and dysfunctional country.

We must overcome our problems of poverty in a structural manner that moves millions of our poor and unemployed citizens into the middle class over the next decade. This requires a certain type of mindset, intellectual capability and philosophical insight, and the ability to assemble a competent team in the government. Combined with the discipline of execution, we will find that the ability to address Nigeria’s problems is not exactly rocket science.

Our nation cannot be built by ethno-religious irredentists who live in the past and whose instincts are based on extremely narrow worldviews. As President of Nigeria, I will provide inclusive leadership that is anchored on a Big Hairy Audacious Goal that unites us all to face the future.  We are aware of the retrogressive thinking and talk about “zoning” — the ethnic turn-by-turn that has hitherto influenced who becomes president. After nearly two decades of democracy since 1999, the report card on the outcomes of this unconstitutional practice that fosters mediocrity is simple: our citizens have gotten poorer and poverty is increasing. As Seun Opaleye, a young Nigerian commented recently on social media, “we have zoned 2019 to competence”. Those who wish to dwell in the past may do so. The world is moving on and, like it or not, Nigeria will move with it.

If zoning the Presidency were sensible, perhaps we would have seen improvement in the various states and geopolitical zones that previous Presidents have come from. We have had a President from the South-West for 8 years, and yet, the Lagos-Ibadan expressway remains undone. We have had Presidents from the North-West and the South-South, but what has been the impact of their Presidencies on those zones, or even on their states? We have seen no such improvements. Intentions don’t matter. Only results.

We who seek a better future for our children and youth are having none of the retrogression and mediocrity of “zoning”. In any case, it is practiced inside just one or two political parties.  Our population in the New Tribe who are focused on citizenship rather than ethnic tribe and tongue is increasing because a new generation of adults is coming of age.  Thus, I am not and will never be an ethnic candidate for the presidency of our country. I am unapologetically a Nigerian candidate for the Nigerian presidency. We must create a rising tide that lifts all boats, not just those of relatives and tribesmen and women.

A Kingsley Moghalu presidency would be very different from those before it. At a fundamental level, this is because we would bring a problem-solving mindset to it. We will consciously govern with strategy, a worldview that we will inculcate in our citizens through the educational system and other channels, and a clear understanding and application of the requirements of good governance. These include effectiveness, accountability, transparency and inclusiveness. We will be ready on Day One, with the most senior appointments and nominations in the executive branch announced within 48 hours.

We will secure Nigeria with the effective implementation of national security policy including reforming the police force to become a real one that can guarantee law and order and safe communities. We will do this through massive increases in the police force strength and real training.  I have the political will that is presently absent to ensure the effective control of Nigeria’s porous borders with Niger, Chad and Cameroon, a situation that has compromised our national security. We will ranch the herdsmen and address the root causes of the herdsmen crisis, which includes amongst other factors the desertification of northern Nigeria.

A government that I lead will implement the National Youth Policy and the National Gender Policy effectively. This will ensure that we go beyond tokenism in empowering these two substantial parts of our population. Women make up 51 per cent of our population of 186 million people, and there are 60 million youth aged between 18 and 35. Both groups will play a muscular role in my government. We will implement a 50:50 gender parity ratio in political appointments, well above the National Gender Policy recommendation of 30 per cent for women. Competent youth with relevant qualifications and experience will play important leadership roles in the government, ensuring the much-needed inter-generational change of baton in leadership without which any society will enter decline.

Our economic vision of an innovation-driven economy will tap into the talents of our youth. This will create the wealth of nations for Nigeria and shield us from the debilitating boom and bust cycles of an economy on fiscal life support from income from natural resources. We will create an environment for the private sector to create jobs with a public-private partnership venture capital fund of a minimum capital of N500 billion that will invest in new, job-creating start-up businesses to be established by millions of unemployed Nigerians. Our program of economic rebirth will decentralize the national grid and shift power generation towards renewable energy sources. We will undertake a fundamental reform of our healthcare and education systems. The Nigerian Diaspora will play a central, institutionalized role in the building of our human capital.

We will commence a consultative process in collaboration with the National Assembly and State Assemblies to achieve a constitutional restructuring of Nigeria back to true federalism for stability and prosperity within two years of my taking office.

No one says all of this will be easy or will happen in a matter of days or a few weeks. I do not claim to be a magician with a wand or a perfect person. But, like many other Nigerians, I love my country. I care about the daily suffering of our countrymen and women, and the future of our youth, our children, and even the unborn. Together, we all can work to create a better future for us all. It is time.

Prof. Kingsley Moghalu, a former Deputy Governor of the Central Bank of Nigeria, is a presidential aspirant for the 2019 elections and the author of the new book Build, Innovate and Grow: My Vision for our Country (Bookcraft, 2018).

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Nigeria 2019 Elections: Kingsley Moghalu announces candidacy for president

Former Deputy Governor of Central Bank of Nigeria (CBN) and Founder, Institute of Governance and Economic Transformation, Professor Kingsley Moghalu


Former Deputy Governor of Central Bank of Nigeria (CBN) and Founder, Institute of Governance and Economic Transformation, Professor Kingsley Moghalu has declared his intention to contest in the 2019 presidential elections.

This was announced at a press conference held on 
Wednesday, 28 February, 2018 at the Shehu Musa Yar’Adua Centre, Abuja.

Stating his vision to Build, Innovate and Grow Nigeria, MoghaIu said he is taking a stand to address ethnic and religious divisions in the country. He continued saying Nigerians are collectively exhausted by politicians who keep falling in and out of alliances, aggravate fears in order to keep themselves in power, and consistently fail to address the needs of ordinary citizens.

“We must stop recycling failed politicians and regenerate our leadership ranks with competent and experienced young men and women. Youths with requisite skills and experience must take over the mantle of leadership because this struggle is about the future of Nigeria, not its past. The nation needs strong, knowledgeable guidance at this time which is why I offer myself for service with a solid track record of quality leadership,” he said.

Emphasizing the need to modernize Nigeria, the presidential candidate said competence, capacity, and character is required to transform Nigeria into a strong nation – qualities that citizens who aspire to be president should possess.

“If it is about competence, my work as Deputy Governor of the Central Bank of Nigeria playing a leadership role in stabilizing the banking system after the global financial crisis speaks for itself. In capacity, working at the United Nations to institute internal reforms and reconstructing nations torn by war is there for everyone to see. On character, my relationship with colleagues, mentors, friends, and of course, family is a clear testament,” he stated.

Professor Moghalu went further to explain that although he has been approached by a number of political parties, he will keep his focus on the Nigerian people rather than parties which are vehicles for capturing power. He stated that his decision to join any political party will be based on commonality of vision and importance of a generational shift in political leadership.

A global leader who has made contributions to the stability, progress, and wealth of communities and nations, Kingsley Moghalu has taught and inspired citizens from more than 40 countries in North America, Europe, Africa and Asia, mentoring men and women for leadership roles in business, military intelligence, non-profits, and government service.

As Deputy Governor of the CBN from 2009 – 2014, he led the execution of extensive reforms in the Nigerian banking system after the global financial crisis.

Read » on YNaija

Former CBN Deputy Governor, Prof. Kingsley Moghalu to launch new book in Lagos

Professor Kingsley Chiedu Moghalu, former Deputy Governor, Central Bank of Nigeria (CBN) and President, Institute for Governance and Economic Transformation

Professor Kingsley Chiedu Moghalu, former Deputy Governor, Central Bank of Nigeria (CBN) and President, Institute for Governance and Economic Transformation is set to launch an inspired masterpiece on strategic policy and political transformation titled, ‘Build, Innovate, Grow: My Vision for our Country’.

The new book, with the foreword written by the Emir of Kano, Muhammadu Sanusi II is set for launch on 
Monday, 26 February, 2018 at The Civic Centre, Victoria Island, Lagos.

The event will feature a panel session with influential activists and thought leaders such as Yemi Adamolekun, Executive Director, Enough is Enough Nigeria; Kadaria Ahmed, media entrepreneur; Japheth Omojuwa, founder and chief strategist, Alpha Reach, and Ndidi Edozien, President, Growing Businesses Foundation. The session will be moderated by popular media personality, Arit Okpo.

Arit Okpo

Yemi Adamolekun

Ndidi Edozien

Kadaria Ahmed

Japheth Omojuwa

As a global leader who has made contributions to the stability, progress and wealth of nations and communities across academia, economic policy, entrepreneurship, diplomacy and more, Professor Kingsley Moghalu has taught and inspired citizens from more than 40 countries in North America, Europe, Africa and Asia, mentoring men and women for leadership roles in business, military intelligence, non-profits, and government service.

A visionary thinker and thought leader, he is the author of several books, including the international bestseller ‘Emerging Africa: How the Global Economy’s ‘Last Frontier’ Can Prosper and Matter’, an international keynote speaker at industry conferences, and a frequent commentator on global issues in the media including CNN, BBC World TV, Bloomberg, and the Financial Times.

As Deputy Governor of the CBN from 2009-2014, he led the execution of extensive reforms in the Nigerian banking system after the global financial crisis. He was a member of the Bank’s Monetary Policy Committee that brought inflation down into single digits.

His latest book has been endorsed by several world leaders including Ambassador Johnny Carson, former United States Assistant Secretary of State for African Affairs and David Marsh, Chairman, Official Monetary and Financial Institutions Forum (OMFIF).

Read » on YNaija

2019: Ex-CBN chief to run for president

A former Deputy Governor of the Central Bank of Nigeria, Kingsley Moghalu, announced on Monday that he was consulting widely

A former Deputy Governor of the Central Bank of Nigeria, Kingsley Moghalu, announced on Monday that he was consulting widely to run for the presidency in 2019.

Mr. Moghalu told political correspondents in Lagos that time had come for technocrats, intellectuals and experienced people to take power from Nigeria’s career politicians.

He said that he would not be deterred from joining the race, in spite of speculations that 2023 was the year slated for Igbos to have a shot at the presidency.

Mr. Moghalu argued that politics in Nigeria should be detribalised for Africa’s most populous nation to grow and take its rightful place in the comity of nations.

“It is the turn of any competent Nigerian to aspire for the post of presidency because career politicians have failed Nigeria.’’

He said that zoning, which had been used by the major political parties, might have been relevant in the past but that it was no longer necessary because competence should be placed above tribe in present day Nigeria.

“Zoning was an internal arrangement by political parties that was not constitutional. It should no longer matter where the president comes from.

“The future of Nigeria rests in technocratic interventions. We need thinking people that will take Nigeria from the politics of stomach infrastructure to politics of mental infrastructure.’’

The former CBN chief said that the first part to progress for Nigeria was for the people to begin to think differently and beyond tribe in choosing those who would lead them.

Speaking on a second term for President Muhammadu Buhari, Mr. Moghalu said that the president had constitutional rights to seek re-election.

A former deputy governor of the Central Bank of Nigeria, Kingsley Moghalu

“I don’t fathom how anyone can say the president should not run for a second term. It is his choice, the decision on who becomes Nigeria’s president in 2019 rests with Nigerians. ‘’

On the nation’s economy, the economist pointed out that “the economy was in a delicate situation before the present administration.

“The handling of the forex crisis though was misguided. The drop in oil prices actually affected the value of our currency but government should have simply allowed the naira to find its true value which would have reduced the inflation rate.’’

He said that Nigeria must look beyond continued dependence on oil and encourage independent institutions to flourish.

Mr. Moghalu, however, advised Nigerians to eschew docility and become more forceful in demanding accountability from their leaders at all levels of governance.

The News Agency of Nigeria reports that Mr. Moghalu, who served as CBN deputy governor from 2009 to 2014, is a political economist, lawyer and a former United Nations official.

He was also a professor of practice in international business and public policy at the Fletcher School of Law and Diplomacy at Tufts University in Massachusetts, U.S.

Born on May 7, 1963, Mr. Moghalu is a graduate of the London School of Economics. He also read Political Science at the University of Nigeria Nsukka.