Professor Njuguna is an economist, researcher, and university lecturer in Kenya. He served as the eighth Governor of the Central Bank of Kenya between 2007 and 2015. Njuguna currently serves as the Cabinet Secretary for the National Treasury and Planning.
Prof Njuguna Ndungu was born in Lodwar, Turkana County, in 1960.
Njuguna studied Bachelor of Arts in Economics at the University of Nairobi and a Master of Arts from the same university. He later pursued a PhD degree from the University of Gothenburg in Sweden.
Njuguna has a longstanding career in research, teaching, and management. He started as a University lecturer after completing his PhD education before joining the African Economic Research Consortium where he acted as the director of training.
He also lectured in advanced economic theory and econometrics at the University of Nairobi, where he was an associate professor of economics.
Prof Njuguna Ndung’u also served as a regional programme specialist for the Eastern and Southern Africa Regional Office, Nairobi for the International Development Research Centre, Canada.
Njuguna Ndung’u has had extensive research and teaching work in various fields of economics, including macroeconomics, microeconomics, econometrics, and poverty reduction. As a long-time researcher and trainer with the AERC and MEFMI network, he has published in international journals as well as chapters in various books on economic policy issues, inflation, interest rate and exchange rate issues, financial management, public sector growth, external debt, financial liberalization in Anglophone Africa, structural adjustment, as well as on employment and labour market issues.
Prof Ndunng’u was appointed as the Governor of Central Bank in 2007, a position he served until 2015.
In 2018, Prof. Njuguna Ndung’u became the executive director of the African Economic Research Consortium (AERC).
Professor Njuguna Ndung’u does not often speak about his family. However, he is married to one wife and has three children: Stephen Ndung’u, Ian Ndung’u and Brenda Ndung’u.