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Business Maverick: Central Bank Chief Joins Nigeria’s Crowded Presidential Race

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Nigeria’s central bank governor, Godwin Emefiele, has joined the race to succeed President Muhammadu Buhari, according to a ruling party spokesman.

Emefiele, who’s headed the Central Bank of Nigeria for almost eight years, acquired a form on Friday permitting him to compete to become the All Progressive Congress’ presidential candidate, party spokesman Joseph Morka said by phone.

The primaries to choose the nominee are scheduled to take place from May 30 to June 1 ahead of nationwide elections in February next year. While a new electoral law signed by President Buhari in February requires all presidential appointees to resign before the primaries, it isn’t clear if Emefiele will do so as the law is being challenged in court.

A spokesman for Emefiele didn’t immediately respond to questions, including about whether he intends to resign his central bank position.

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