Abdulkadir Ahmed
| Abdulkadir Ahmed | |
|---|---|
| Governor of the Central Bank of Nigeria | |
|
In office 27 June 1982 – 30 September 1993 |
|
| Preceded by | Ola Vincent |
| Succeeded by | Paul Agbai Ogwuma |
| Personal details | |
| Born |
31 October 1940 Jama'are, Bauchi State, Nigeria |
| Died | 1997 |
Abdulkadir Ahmed (31 October 1940 – 1997) was a Nigerian businessman and civil servant who was Governor of the Central Bank of Nigeria between 1982 and 1993.
Ahmed was born on 31 October 1940 in Jama'are, Bauchi State. He attended Barewa College, Zaria in 1955. He joined the New Nigerian Development Company in January, 1960. Ahmed studied at the University of Ife in 1961. He graduated from South West London College in 1972. Ahmed became Commissioner of Finance for Bauchi state (March 1976 - June 1977). He was appointed a Deputy Governor with the Central Bank of Nigeria in 1977.
Ahmed was a fellow of the Institute of Chartered and Certified Accountants and the Institute of Chartered Accountants of Nigeria.
Ahmed was appointed the Governor of the Bank on 27 June 1982 and retired on 30 September 1993. He held office for over 11 years during democratic government of Shehu Shagari and interim government of Ernest Shonekan, and the military regimes of Generals Muhammadu Buhari and Ibrahim Babangida.
He was the first chairman of the board of the Nigeria Deposit Insurance Corporation when it was established on 15 June 1988.
During his tenure, the Shagari regime awarded contracts for construction of the Kafin Zaki Dam in Bauchi State. Both Ahmed and water resources minister Abubakar Hashidu were natives of the state. The successor government of Military ruler General Sani Abacha cancelled the project and appointed a judicial committee of inquiry. Abacha also set up a panel of inquiry into CBN activities under his predecessors. The panel reviewed handling of Dedicated and other Special Accounts, set up to manage windfall revenues from sale of crude oil. The amounts involved between September 1988 and 30 June 1994 totaled $12.4 billion. The panel was critical of the way that this money was spent on non-essential projects rather than used to further reduce debt.
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