Lamido Sanusi, new Central Bank governor, Monday, met with the staff of the apex bank and promised a code of conduct for the regulator.
Sanusi, in his first official meeting with all staff of the bank in Abuja also reinforced his determination to strengthen risk management processes and procedures at the bank which analysts believe are keys to the survival of those financial institutions under the CBN watch. 
The governor’s unfolding of what experts called his agenda to his staff for the next five years comes on the heels of identifiable critical short-term and substantive challenges by some experts.  
Indeed, Sanusi had while being screened by the senate promised that he would ensure stricter monitoring of the banks to ensure they adhere to transparency and adopt the highest strength of corporate governance in their dealings especially with the current global financial meltdown.   
“One of the first things I planned to do is to have a proper code of conduct for the regulator himself that governs the behavior and conduct to which decisions are appropriated so that distinction is clear, the playing field is level and the rules are transparent and consistently applied. That I guarantee”, he stated.  
He equally told his staff that the bank under his watch would enhance the nation’s payment system, one of the reforms which former Governor Chukwuma Soludo had initiated a few years back. He listed the reforms to include, establishment of clearing houses across the country, sponsoring of legislation to ensure soundness and stability of the banking system as well as the promulgation of Dishonored Cheque Offences Act and Failed Banks and Financial Malpractices in Bank Act.  
The governor promised he would as much as possible enhance relationships between the CBN and other related institutions in order to ensure smooth operation between them. He also promised he would raise staff morale as well as confidence of the system.
But Opeyemi Agbaje of RTC Strategy and Advisory Resources and Trust Company Limited observed that the Sanusi led apex bank will under the short term be challenged with articulating and consolidating a sound policy framework for foreign currency and reserves management, concerns about financial sector soundness and health, restoring confidence in Nigeria’s macroeconomic direction, among others.
Other challenges, according to Agbaje in the current Business and Economic Review, included reducing interest rates and enhancing access to credit for Small and Mediun Scale Enterprises (SMEs), bringing inflation down to single-digits in the first instance, achieving sustainable economic growth and achieving the objectives of the Financial Sector Strategy (FSS) 2020 in Abuja and creating an international Financial Center in Lagos.