Audio By Carbonatix
Nigeria's central bank governor Lamido Sanusi has been voted Africa Person of the Year by Forbes magazine.
He beat five other candidates for the inaugural award - including Nobel Peace laureate Ellen Johnson Sirleaf and Africa's richest man, Aliko Dangote.
Mr Sanusi, 50, has spearheaded reforms in Nigeria's troubled banking sector since his appointment in 2009.
The central bank bailed out nine banks and removed their chief executives who were accused of fraudulent practices.
Several of the ousted bankers have been put on trial for alleged financial mismanagement.
'Fiscal discipline'
Forbes magazine's readers gave Mr Sanusi the most votes in an online poll.
He beat Mrs Sirleaf, the Liberian president who was awarded this year's Nobel Peace prize, Mr Dangote, a Nigeria business tycoon who tops Forbes' list of Africa's richest people, former Cape Verde President Pedro Verona Pires, who won this year's $5m (£3.2m) Mo Ibrahim prize for good governance in Africa and Wangari Maathai, the Kenyan Nobel Peace laureate who died in September.
Last year, another financial publication, The Banker, named Mr Sanusi the Central Bank Governor of the Year.
Mr Sanusi's critics says his reforms have led to massive job losses in the banking sector.
But when receiving the award, he said the central bank's role was not to create jobs but to create an environment for business to thrive, Nigeria's privately owned newspaper, The Daily Trust, reports.
He called on the government to show tighter fiscal discipline and to discourage imports.
"You cannot be exporting crude oil and be importing refined petrol," Mr Sanusi said, according to The Daily Trust.
Nigeria is a leading oil producer but most people live in poverty.
Corruption is also seen as a huge problem in the West African state.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Bui Power Plant galamsey must be treated as national emergency – Collins Adomako
10 minutes -
Staff of DBG give back to communities
21 minutes -
CAF condemns “unacceptable behaviour” at AFCON final, opens review for disciplinary action
22 minutes -
Shatta Wale sues Blakk Rasta for GHS 100 Million over ‘King of Fraud’ allegations
27 minutes -
Galamsey Threat: Adomako-Mensah calls for 24-hour security at Bui Power Plant
38 minutes -
Afigya Kwabre North MP admits politicians failing in fight against galamsey
41 minutes -
DCE appeals for completion of Agenda 111 hospital in Asutifi North
45 minutes -
I don’t care who wins NPP primaries; may the best candidate emerge – Kofi Amoabeng
49 minutes -
Lower Manya Krobo MP rewards constituents for outstanding contributions to Kroboland development
51 minutes -
Elixir or Placebo? Microeconomics as the litmus test for Ghana’s Macroeconomic Recovery
56 minutes -
I won’t celebrate Ken Ofori-Atta’s troubles – Kofi Amoabeng
1 hour -
GPRTU announces a crackdown over illegal fare increases
1 hour -
COPEC urges NPA to scrap fuel price floors to ease costs for consumers
1 hour -
“Underestimate Dr Adutwum at your own risk” — Adutwum camp fires back at Bryan Achampong video
2 hours -
The role of curriculum in transmitting societal values: Why NaCCA must be resourced and empowered
2 hours
