President Bola Ahmed Tinubu has approved the nomination of Olayemi Cardoso to serve as the new Governor of the Central Bank of Nigeria, CBN for a term
President Bola Ahmed Tinubu has approved the nomination of Olayemi Cardoso to serve as the new Governor of the Central Bank of Nigeria, CBN for a term of five years.
His nomination is pending his confirmation by the Nigerian Senate.
The Special Adviser to the President on Media and Publicity, Ajuri Ngelale, said the directive is in conformity with Section 8 (1) of the Central Bank of Nigeria Act, 2007, which vests in the President of the Federal Republic of Nigeria, the authority to appoint the Governor and Four (4) Deputy Governors for the Central Bank of Nigeria (CBN), subject to confirmation by the Senate of the Federal Republic of Nigeria.
A Nigerian banker, chartered stockbroker and public policy maker, Cardoso served as the former chairman of Citibank Nigeria and was the Commissioner for Lagos State Ministry of Economic Planning and Budget during Tinubu’s administration as governor of the state.
Furthermore, Tinubu approved the nomination of four new Deputy Governors of the Apex Bank for a term of five year pending their confirmation.
They are Emem Nnana Usoro, Muhammad Sani Abdullahi Dattijo, Philip Ikeazor and Bala M. Bello
“In line with President Bola Tinubu’s Renewed Hope agenda, the President expects the above listed nominees to successfully implement critical reforms at the Central Bank of Nigeria, which will enhance the confidence of Nigerians and international partners in the restructuring of the Nigerian economy toward sustainable growth and prosperity for all”, the statement sgned from Ngelale added.
