Onuesoke Calls for CBN Independence

Sylvester Idowu in Warri

Chief Sunny Onuesoke, chairman of DAS Energy Services in Udu near Warri, has called for the full independence of the Central Bank of Nigeria (CBN). He argues that economic stability and investor confidence can only be achieved when the apex bank operates without political interference.

Speaking at an interactive session with journalists in Warri, Delta State yesterday, Onuesoke said the nation’s economy needs strong institutions that can make professional financial decisions based on economic realities rather than political pressure.

According to him, the independence of the CBN remains a critical pillar for safeguarding the value of the naira, controlling inflation, and restoring public confidence in Nigeria’s financial system.

“True economic growth can only thrive when the Central Bank of Nigeria operates independently, free from political interference and focused on protecting the value of the naira and the future of Nigerians,” Onuesoke stated.

He further noted that countries with stable economies often maintain central banks that are allowed to function professionally and transparently, and urged policymakers and stakeholders to strengthen laws that protect the autonomy of the CBN.

Onuesoke also emphasized the need for fiscal discipline, accountability, and sound monetary policies to attract both local and foreign investment into the country.

He called on the federal government, lawmakers, and financial experts to work together to rebuild trust in the nation’s economy through institutional reforms and economic transparency.

Economic analysts continue to debate the role of central bank independence in developing economies, with many agreeing that policy consistency and credibility are essential for sustainable growth.

Onuesoke encouraged Nigerians to remain hopeful, adding that with the right economic policies and leadership, the country can overcome its current financial challenges and achieve long‑term prosperity.