President Muhammadu Buhari on Tuesday approved the appointment of Dr. (Mrs) Sarah omotunde Alade, as Special Adviser to the President on Finance and the economy.
The office is domiciled in the Ministry of Fiance, Budget and National planning.
Dr. Alade was the deputy governor of the Central Bank of Nigeria (CBN) before her retirement in 2017 after spending 23 years in the apex bank.
She was the acting governor of the Central Bank of Nigeria during the suspension of Lamido Sanusi until his tenure ended. Dr. Alade was appointed to the post by President Goodluck Jonathan on 20 February 2014. She acted Alade in that capacity from 20 February 2014 until the appointment of Godwin Emefiele as the CBN governor.
Prior to this time, she had served as deputy governor (Economic Policy), Central Bank of Nigeria from 26 March 2007.
Alade attended the University of Ife, Ile-Ife, where she obtained a B.Sc (Hons) degree in Economics in 1976. She also obtained an M.Comm degree at the University of Melbourne, Australia in 1983 and a PhD Management Science (Operations Research), from the University of Ilorin in 1991.
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 Finan Office (1996–2000) and head of the Fiscal Analysis Division (2000–04).
Alade has served on the teams on major economic policy studies, and 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.
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.
