President Bola Tinubu has approved the nomination of Dr. Olayemi Michael Cardoso to serve as the new Governor of the Central Bank of Nigeria (CBN), for a term of five (5) years at the first instance, pending his confirmation by the Nigerian Senate.
Chief Ajuri Ngelale, Special Adviser to the President (Media & Publicity) broke the news in a statement on September 15, 2023.
He said the president’s 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.
Furthermore, President Bola Tinubu has approved the nomination of four new Deputy Governors of the Central Bank of Nigeria (CBN), for a term of five (5) years at the first instance, pending their confirmation by the Nigerian Senate, as listed below: (1) Mrs. Emem Nnana Usoro (2) Mr. Muhammad Sani Abdullahi Dattijo (3) Mr. Philip Ikeazor (4) Dr. 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.
Dr. Yemi Cardoso is a financial and development expert with over three decades of experience in the private, public, and not-for-profit sectors.
He is the Chairman of the Board of Directors of Citibank Nigeria.
He also has served on the board of several leading companies including Texaco and Chevron Oil Nigeria Plc.
He has also served as a commissioner/cabinet member for Economic Planning and Budget in Lagos state.
Cadoso holds a BSc in Finance & Accounting from Aston University, UK and MSc, Public Administration from Havard University.
