Sarah Alade
{{short description|Nigerian economist}}
{{Use Nigerian English|date=March 2023}}
{{Use dmy dates|date=February 2019}}
{{Infobox officeholder
| name = Sarah Alade
| honorific-suffix = OON
| image =
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| office = Governor of the Central Bank of Nigeria
| status = Acting
| president = Goodluck Jonathan
| term_start = 20 February 2014
| term_end = 3 June 2014
| predecessor = Sanusi Lamido Sanusi
| successor = Godwin Emefiele
| office1 = Deputy Governor of the Central Bank of Nigeria (Economic Policy)
| governor1 = Charles Soludo
Sanusi Lamido Sanusi
Godwin Emefiele
| term_start1 = 26 March 2007
| term_end1 = 22 March 2017
| predecessor1 =
| successor1 = Aishah Ahmad
| birth_name =
| birth_date =
| birth_place = Offa, Kwara State, Nigeria
| nationality = Nigerian
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| education = {{plainlist|
- University of Ife {{small|(BSc (Hons))}}
- University of Melbourne {{small|(MComm)}}
- University of Ilorin {{small|(PhD)}}
}}
| profession = Economist
| religion =
| website =
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Sarah Omotunde Alade {{post-nominals|country=NG|OON}} is a Nigerian economist. She was acting governor of the Central Bank of Nigeria during the suspension of Sanusi Lamido Sanusi.{{cite web|url=http://www.cenbank.org/aboutcbn/TheBoard.asp?Name=Dr.+Sarah+Alade+(OON)&Biodata=alade|website=Central Bank of Nigeria|title=Dr. Sarah Alade (OON)|access-date=13 April 2014}} She was appointed to the post by president Goodluck Jonathan on 20th of February 2014.{{cite news |date=20 February 2014|title=Nigeria central bank chief suspended for financial 'recklessness'|url=https://www.google.com/hostednews/afp/article/ALeqM5iIyxmq3MkYelCt55wkvLoiUiU3ZA?docId=75bad066-32aa-4170-a110-52e28021e561|publisher=AFP|access-date=20 February 2014}}{{dead link|date=June 2024|bot=medic}}{{cbignore|bot=medic}}
She held this position until the appointment of Godwin Emefiele in June 2014. She served as deputy governor (Economic Policy), Central Bank of Nigeria from 26 March 2007 to 22 March 2017.
Education
Alade attended the University of Ife, Ile-Ife where she obtained a B.Sc (Hons) degree in Economics in 1976.{{cite web | last=Tijani | first=Mayowa | title=PROFILE: Alade, the lecturer who had just 'one slight regret' in her 24-year CBN career | website=TheCable | date=2017-03-30 | url=https://www.thecable.ng/profile-alade-lecturer-just-one-slight-regret-24-year-cbn-career | access-date=2023-06-03}} She also obtained an M.Comm degree at the University of Melbourne,{{Cite web|url=https://lifesciences.knect365.com/agra-innovate/speakers/sarah-alade-oon|title=Sarah Alade OON - Central Bank of Nigeria {{!}} Agra Innovate West Africa Speaker|website=lifesciences.knect365.com|language=en|access-date=2018-10-15|archive-date=15 October 2018|archive-url=https://web.archive.org/web/20181015192329/https://lifesciences.knect365.com/agra-innovate/speakers/sarah-alade-oon|url-status=dead}} Australia in 1983 and a PhD Management Science (Operations Research), from the University of Ilorin in 1991.{{cite web|url=http://www.cbn.gov.ng/aboutcbn/TheBoard.asp?Biodata=alade%20Sarah%20Alade&Name=Dr.+Sarah+Alade+(OON)|title=Board of the CBN Dr. Sarah Alade(OON)|publisher=Cenbank.org|date=26 March 2007|access-date=23 February 2016}}
Career
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 of the State Government Finance Office (1993–96), head of the Federal Government Finance Office (1996–2000) and head of the Fiscal Analysis Division (2000–04).{{Cite web|url=https://lifesciences.knect365.com/agra-innovate/speakers/sarah-alade-oon|title=Sarah Alade OON - Central Bank of Nigeria {{!}} Agra Innovate West Africa Speaker|website=lifesciences.knect365.com|language=en|access-date=2018-10-21|archive-date=15 October 2018|archive-url=https://web.archive.org/web/20181015192329/https://lifesciences.knect365.com/agra-innovate/speakers/sarah-alade-oon|url-status=dead}}{{Cite web |date=2017-03-30 |title=PROFILE: Alade, the lecturer who had just 'one slight regret' in her 24-year CBN career |url=https://www.thecable.ng/profile-alade-lecturer-just-one-slight-regret-24-year-cbn-career |access-date=2023-04-08 |website=TheCable |language=en-US}}
Alade has served on the teams on major economic policy studies land has been involved in the preparation of 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.
Alade was present as deputy governor when it was announced that five Nigerian bank CEOs were being dismissed on 13th of August 2009. Five replacements were named by the Central Bank of Nigeria with immediate effect including Olufunke Iyabo Osibodu to lead the Union Bank of Nigeria and Suzanne Iroche who took over as CEO of FinBank.[http://www.vanguardngr.com/2009/08/cbn-sacks-5-banks-directors/ CBN sacks 5 Banks Directors], Gabriel Omoh and Babajide Komolafe, 14 August 2009, VanguardNGR, Retrieved 23 February 2016
Alade was appointed 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).{{Cite news|url=https://www.thisdaylive.com/index.php/2018/05/21/efina-appoints-ex-cbn-deputy-governor-others-as-directors/amp/|title=EFInA Appoints Ex CBN Deputy Governor, Others As Directors - THISDAYLIVE|date=2018-05-21|work=THISDAYLIVE|access-date=2018-10-21|language=en-US}}{{Cite web |date=2019-11-05 |title=Six things you should know about Sarah Alade |url=https://punchng.com/six-things-you-should-know-about-sarah-alade/ |access-date=2023-04-08 |website=Punch Newspapers |language=en-US}}
Alade was a member of the technical committee of the Vision 2010 and currently a member of the technical committee of Vision 2020 and member of the National Economic Management Team (EMT).{{Cite news|url=http://thenationonlineng.net/sarah-alade-retires-deputy-governor-cbn/|title=Sarah Alade retires as Deputy Governor from CBN - The Nation Nigeria|date=2017-03-22|work=The Nation Nigeria|access-date=2018-10-21|language=en-US}}
As deputy governor of Economic Policy, 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).
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. Alade is a fellow of the Nigerian Institute of Operational Research.{{Cite news|url=https://www.thisdaylive.com/index.php/2017/04/06/as-sarah-alade-bows-out/|title=As Sarah Alade Bows Out - THISDAYLIVE|date=2017-04-06|work=THISDAYLIVE|access-date=2018-11-16|language=en-US}}
Alade served as acting governor from February 2014 until Godwin Emefiele took over in June 2014.[http://www.vanguardngr.com/2014/02/profile-godwin-emefiele-new-cbn-gov/ Godwin Emefiele new CBN governor], VangouardNGR, Retrieved 23 February 2016 She retired from the Central Bank of Nigeria as deputy governor after 24 years of service on 22 March 2017.{{Cite web |last=Ramalan |first=Ibrahim |date=2019-11-05 |title=Buhari appoints Sarah Alade as special adviser on finance, economy |url=https://dailynigerian.com/buhari-appoints-sarah-alade-as-special-adviser-on-finance-economy/ |access-date=2023-04-08 |website=Daily Nigerian |language=en-GB}} In November 2019, President Muhammadu Buhari appointed Alade as his Special Adviser on Finance and Economy.{{Cite web |date=2019-11-06 |title=Buhari names Sarah Alade aide on finance, economy |url=https://guardian.ng/news/buhari-names-sarah-alade-aide-on-finance-economy/ |access-date=2023-04-08 |website=The Guardian Nigeria News - Nigeria and World News |language=en-US}}{{Cite web |last=Lamai |first=Samuel |date=2019-11-05 |title=President Buhari Appoints Sarah Alade Special Adviser On Finance And Economy |url=https://fmic.gov.ng/president-buhari-appoints-sarah-alade-special-adviser-on-finance-and-economy/ |access-date=2023-04-08 |website=Federal Ministry of Information and Culture |language=en-US}}
References
{{Reflist}}
External links
{{Wikiquote}}
- [http://www.cenbank.org/aboutcbn/TheBoard.asp?Name=Dr.+Sarah+Alade+(OON)&Biodata=alade Profile: Sarah Alade]
{{Governors of the Central Bank of Nigeria}}
{{authority control}}
{{DEFAULTSORT:Alade, Sarah}}
Category:Obafemi Awolowo University alumni
Category:University of Melbourne alumni
Category:University of Ilorin alumni
Category:Officers of the Order of the Niger
Category:Nigerian women academics
Category:Nigerian women economists