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Alade was appointed acting governor of the Central Bank of Nigeria from 20 February 2014 until the appointment of Godwin Emefiele. Prior to this time, she had served as Deputy Governor (Economic Policy), Central Bank of Nigeria from 26 March 2007. She attended the University of Ife, Ile-Ife (now Obafemi Awolowo University) where she obtained a B.Sc (Hons) degree in Economics in 1976. She also obtained an M.Comm degree at the University of Melbourne, Melbourne, Australia in 1983 and a PhD in Management Science (Operations Research), from the University of Ilorin in 1991. Career Dr Sarah Alade commenced her working career in 1977 with the Ministry of Finance and Economic Development, Ilorin, Kwara State. In 1991, she joined the University of Ilorin as a Lecturer in the Department of Accounting and Finance. She joined the Central Bank of Nigeria in 1993 as an Assistant Director in the Research Department where she served as Head, State Government Finance Office (1993-1996), Head, Federal Government Finance Office (1996-2000) and Head, Fiscal Analysis Division (2000-2004). Dr Alade has served on the teams on major economic policy studies and has been involved in the preparation of the Central Bank of Nigeria’s Monetary and Credit Policy Proposals over the years. She was actively involved in the drafting of the Medium Term Economic Programme (MTP) for Nigeria and the IMF staff Monitored Programme/Standby Arrangement. Dr Alade was appointed Director, Banking Operations Department in May 2004. In that capacity, she served as Chairman Board of Directors, Nigeria Interbank Settlement System (NIBSS) as well as Secretary, National Payments System Committee (NPSC).
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Dr Alade was a member of the Technical Committee of the Vision 2010 and is currently a member of the Technical Committee of Vision 2020 and a member of the National Economic Management Team (EMT). As Deputy Governor, Economic Policy, Dr Mrs Alade superintends over the Economic Policy Directorate, comprising the Research, Monetary Policy, Trade and Exchange, Statistics Departments and Financial Markets Department. As Chair of the Monetary Policy Implementation Committee (MPIC), she interfaces with operational departments and coordinates technical inputs for the Monetary Policy Committee (MPC). Dr Alade, who is a member of the Nigerian Economic Society (NES), has several publications to her credit and is currently carrying out research into Interest Rate Policy and Monetary Policy Implementation in Nigeria. Dr Mrs Alade is a Fellow of the Nigerian Institute of Operational Research. She is married with children. She was appointed the director of the Banking Operations Department in May 2004. In that capacity, she served as chairman of the board of directors of the Nigeria Interbank Settlement System (NIBSS) as well as secretary of the National Payments System Committee (NPSC). She retired from the Central Bank of Nigeria (CBN) as Deputy Governor in 2017 after spending 23 years in the apex bank. Reference CBN.GOV.NG Wikipedia Featured Image Source: This Day Live
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