14 Facts About Abdulkadir Ahmed

Abdulkadir Ahmed was a Nigerian businessman and civil servant who was governor of the Central Bank of Nigeria from 1982 to 1993.

Abdulkadir Ahmed joined the New Nigerian Development Company in January, 1960.

Abdulkadir Ahmed graduated from South West London College in 1972.

Abdulkadir Ahmed became Commissioner of Finance for Bauchi state.

Abdulkadir Ahmed was appointed a Deputy Governor with the Central Bank of Nigeria in 1977.

Abdulkadir Ahmed joined NNDC in 1960 and was sponsored for training in institutions in Nigeria and abroad.

Abdulkadir Ahmed served as area accountant of the group and in 1974, he became the group's financial controller.

Abdulkadir Ahmed was a fellow of the Institute of Chartered and Certified Accountants and the Institute of Chartered Accountants of Nigeria.

Abdulkadir Ahmed was appointed the Governor of the Bank on 27 June 1982 and retired on 30 September 1993.

Abdulkadir Ahmed 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.

Abdulkadir Ahmed was the first chairman of the board of the Nigeria Deposit Insurance Corporation when it was established on 15 June 1988.

In 1988, Governor Abdulkadir Ahmed achieved the first debt reduction transaction in the international markets by restructuring the trade arrears of Nigeria into CBN Promissory Notes.

Governor Abdulkadir Ahmed convinced noteholders to accept the debt reduction deal by allowing creditors to set strict terms of default for the notes.

Governor Abdulkadir Ahmed then initiated the first comprehensive sovereign debt buyback in the international markets, which further reduced Nigeria's foreign exchange burden, between 1988 and 1993, through an overseas subsidiary company named Greenland Holdings.