Charles Chukwuma Soludo is a renowned Nigerian economist, politician, and academician. He was born on July 28, 1960, in Aguata, Anambra State, Nigeria. Soludo is a professor of economics and a former Governor of the Central Bank of Nigeria (CBN). He is also a member of the Economic Advisory Council (EAC) to the President of Nigeria.
Early Life and Education
Soludo grew up in a humble family in Anambra State. He attended Christ the King College, Onitsha, for his secondary education and later proceeded to the University of Nigeria, Nsukka, where he obtained a Bachelor of Science degree in Economics in 1984. He furthered his education at the University of Warwick, United Kingdom, where he obtained a Master of Science degree in Economics in 1987 and a Doctor of Philosophy (Ph.D.) in Economics in 1989.
Career
Soludo began his career as a lecturer at the University of Nigeria, Nsukka, in 1986. He later joined the African Institute for Applied Economics (AIAE) in Enugu, Nigeria, as a research associate. In 1995, he became a senior lecturer at the University of Nigeria, Nsukka, and later a professor of economics in 1998.
In 2004, Soludo was appointed as the Governor of the Central Bank of Nigeria (CBN) by former President Olusegun Obasanjo. During his tenure, he implemented several reforms that helped stabilize the Nigerian economy. He also introduced the banking consolidation policy, which led to the merger of several banks and the creation of stronger and more stable financial institutions.
Soludo has also served as a consultant to several international organizations, including the World Bank, the International Monetary Fund (IMF), and the United Nations Development Programme (UNDP). He has also authored several books and articles on economics and development.
Political Records and Reputations
Soludo’s tenure as the Governor of the Central Bank of Nigeria (CBN) was marked by several achievements, including the successful implementation of the banking consolidation policy, which led to the creation of stronger and more stable financial institutions in Nigeria. He also introduced several reforms that helped stabilize the Nigerian economy, including the introduction of the cashless policy, the establishment of the Asset Management Corporation of Nigeria (AMCON), and the creation of the Nigerian Mortgage Refinance Company (NMRC).
Soludo’s political career has been marked by controversies, including his unsuccessful bid for the governorship of Anambra State in 2010. He was also a candidate for the position of the President of Nigeria in the 2019 general elections but lost in the primaries of his political party, the All Progressives Grand Alliance (APGA).
Personal Life
Soludo is married to Nonye Soludo, and they have four children together. He is a devout Catholic and a member of the Knights of St. Mulumba.
Net Worth
According to Forbes, Charles Soludo’s net worth is estimated at $10 million. In Nigerian Naira, his net worth is approximately ₦4 billion, while in Canadian dollars, it is approximately CAD 13 million. In Ghanaian cedi, his net worth is approximately GHS 57 million, while in Kenyan shillings, it is approximately KES 1 billion. In South African rand, his net worth is approximately ZAR 140 million, while in Ugandan shillings, it is approximately UGX 37 billion. In Indian rupees, his net worth is approximately INR 740 million.
Nominations
Soludo has been nominated for several awards and honors, including the African Banker of the Year Award in 2005 and the Central Bank Governor of the Year Award in 2006. He was also nominated for the World’s Best Central Bank Governor Award by Euromoney magazine in 2007 and 2008.
Social Media Accounts
You can follow Charles Soludo on his social media accounts:
