Whispering In The Storm

Whispering In The Storm delves into the mentorship culture within the Central Bank of Nigeria, examining the intricate relationships between supervisors, subordinates, and the evolving dynamics of the institution. The book highlights the internal challenges that arose with the changing structures, peer pressures, and the subtle yet impactful shift away from the original Establishment Act of 2007. It discusses the surrender of the Central Bank’s hard-won operational autonomy and the rise of time-inconsistent monetary policies, exploring their consequences on inflation and exchange rate stability. Drawing from personal experiences working with the International Monetary Fund and the West African Monetary Institute, the author reflects on the convergence and divergence of the monetary union protocols. This candid account offers invaluable insights into the complexities and challenges faced by those at the heart of Nigeria’s monetary policy.