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That Finance Minister, Ngozi Okonjo-Iweala and ex-CBN governor Charles Soludo were once close associates isn’t in doubt. This is because they were part of the 20-member Economic Team during the President Obasanjo-led administration. The story has since changed with Soludo alleging that trillions have been reportedly missing since Okonjo-Iweala’s appointment as Finance Minister.
In Okonjo-Iweala’s Reforming the Unreformable: Lessons from Nigeria published 21st September 2012, one recalls how she eulogized Soludo for his role in the implementation of policies and how the team began implementing the series of solutions. According to Okonjo-Iweala’s words in the book, “One appointment of particular importance (because he or she would have the ear of the president every day) was that of Economic Adviser to the president. We needed a sound macroeconomist—something Nigeria had not had in many years— who would reinforce the importance of the reforms. I nominated Charles Chukwuma Soludo, who later became a central bank governor.”
She further added that, “Among the most important reforms carried out during this period were those in the banking sector. Those reforms were primarily led and implemented by Professor Charles Chukwuma Soludo, a member of the Economic Team who was first economic adviser to the president and later governor of the Central Bank of Nigeria (CBN).”
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