How I ran Central Bank of Biafra – Sylvester Ugoh

By AdvocateNews on 29/11/2021

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Dr Sylvester Ugoh
Dr Sylvester Ugoh

Dr. Sylvester Ugoh, Harvard-trained economist and former Minister of Science and Technology, is among those that can be said to have seen it all in politics and economy.

With participation in the Second Republic, General Ibrahim Babangida’s transition and the Peoples Democratic Party (PDP), he discusses the politics of Nigeria with relative ease.

With the same candour, he talks on the Central Bank of Biafra, where he was the governor, explaining how he ran the two-man director institution for the 30 months the civil war lasted. Ugoh also dissects other issues in the land, identifying where the drift in the current democratic experiment commenced, as well as way out of the crisis.

The last time many Nigerians heard about you was during the PDP Convention of 1999. Since then, you have literally been off the scene. Why?

My wife was ill in the United States of America (U.S.), and my children, who were there, felt that I should come and stay with her because, usually, in the morning when they would have gone to work, she would be alone. It was not an easy decision for me to make. But considering her situation and how highly we regarded her, I decided to abandon everything here and move to the U.S. to stay with her and nurse her. That was how, I, more or less, disappeared from the scene in Nigeria.

Now that it is presumed that you are back, what do we expect from you?

Strictly speaking, nothing; because I am merely visiting. My wife did not survive the sickness. She eventually died in 2010 and my children insisted that I must remain in the U.S. I have been there since then. I visit Nigeria once a while. So, I am merely on a visit. I don’t intend to get involved at this time in anything happening in the country.

 Accept our sympathy, sir.

Posted 29/11/2021 1:07:04 PM

 

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