Tinubu Nominates Cardoso as CBN Governor

In a significant development, President Bola Tinubu has officially nominated Dr. Olayemi Michael Cardoso as the next Governor of the Central Bank of Nigeria (CBN). The appointment is set for a five-year term, pending confirmation by the Nigerian Senate. President Tinubu stated, “Dr. Cardoso’s expertise will be invaluable in leading our nation’s financial institutions.”

“Dr. Olayemi Michael Cardoso: A Financial Luminary”

Dr. Olayemi Michael Cardoso, an esteemed financial and development expert with over three decades of experience across public, private, and not-for-profit sectors, currently serves as the Chairman of the Board of Directors of Citibank Nigeria. He previously held the position of the first commissioner and cabinet member for economic planning and budget in Lagos state, where he played a pivotal role in shaping the economic landscape of the megacity.

“Four Deputy Governors Also Nominated”

In alignment with the Central Bank of Nigeria Act, President Tinubu has nominated four individuals to serve as Deputy Governors of the CBN, each for a five-year term subject to Senate confirmation. These candidates are:

  1. Mrs. Emem Nnana Usoro
  2. Mr. Muhammad Sani Abdullahi Dattijo
  3. Mr. Philip Ikeazor
  4. Dr. Bala M. Bello

This nomination aligns with the authority vested in the President to appoint the CBN Governor and Deputy Governors, as outlined in Section 8 (1) of the Central Bank of Nigeria Act, 2007. President Tinubu expressed confidence in the capabilities of these nominees, emphasizing their importance in maintaining the stability of the nation’s financial system.

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