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AfricaApril 1 2007

Taking the initiative

Chukwuma Soludo, governor of the Central Bank of Nigeria, tells James Eedes of a bold plan to raise $1bn for his brainchild – the Africa Financing Corporation.
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One thing you would not accuse Chukwuma Soludo of is lacking momentum. The governor of the Central Bank of Nigeria (CBN) has energetically stuck to his economic reform agenda when others in government and the private sector have retreated to the sidelines ahead of the country’s April 21 election.

Most recently, Mr Soludo was in London and New York drumming up interest in his latest brainchild, the Africa Finance Corporation (AFC). In characteristically bullish manner, the governor was seeking seed capital for the institution from international investors despite there being no management team in place.

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