Meet Oboh Victor Ugbem, A Policy Economist’s Rise to CBN Monetary Policy Director

Oboh Victor Ugbem was appointed as Director of the Monetary Policy Department at the Central Bank of Nigeria (CBN) yesterday marking the pinnacle of a career spanning over 20 years as a seasoned development economist.

Before this role, Ugbem served as an Assistant Director at the CBN, where he provided technical support in designing and implementing monetary policies that steadied Nigeria’s economic course.

His expertise lies in monetary, financial, and agricultural policies, complemented by a deep understanding of private sector dynamics.

A Career Built on Impact

Ugbem’s journey began with a focus on economic analysis and policy formulation, roles that honed his ability to navigate complex financial landscapes.

His work at the CBN has consistently emphasized sustainable development, bridging theoretical economics with practical outcomes.

Colleagues describe him as a meticulous strategist, instrumental in shaping policies that balance inflation control with economic growth a skillset now critical as Nigeria faces global economic pressures.

Vision for Monetary Stability

With Nigeria’s financial system at a crossroads, Ugbem’s leadership is poised to influence interest rates, exchange rate policies, and economic stability.

His appointment reflects the CBN’s trust in his ability to deliver data-driven solutions, drawing from his extensive experience to fortify Nigeria’s monetary framework in an increasingly volatile world.