President Bola Tinubu has nominated Dr Olayemi Cardoso as the new Governor of the Central Bank of Nigeria (CBN).
Special Adviser to the President on Media and Publicity, Ajuri Ngelale, made this known on Friday.
Cardoso has been nominated to serve as the governor of the country’s apex bank for five years at the first instance pending his confirmation by the Senate.
Below are major things to know about Cardoso:
Olayemi Micheal Cardoso is an astute Nigerian banker, chartered stockbroker and public policy maker.
Cardoso served as the Commissioner for the Lagos State Ministry of Economic Planning and Budget when President Bola Tinubu governed Lagos.
He holds a Bachelor of Science in Managerial and Administrative Studies from Aston University, Birmingham, England, where he obtained a Bachelor of Science (B.Sc.) degree.
He has a Master’s degree in Public Administration from the Harvard Kennedy School, Cambridge, Massachusetts, the United States.
Cardoso was chairman of the board of Citibank Nigeria.
He became a member of the Cities Alliance’s Africa Think Tank Group, a group created to solve urban development challenges.
He has served as a board member of MRS Oil and was the chairman of the board of EFinA.
Cardoso is a member of the advisory board of Lagos Business School and chairman of the board of the African Venture Philanthropy Alliance.
He is the founding chairman and co-chair of Ehingbeti Summit, the Lagos State Economic Summit.
He is also a former executive lead at the Harvard Kennedy School Alumni Association.
STATE HOUSE PRESS RELEASE
PRESIDENT TINUBU NOMINATES NEW CBN GOVERNOR AND MANAGEMENT TEAM FOR SENATE SCREENING AND CONFIRMATION
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.
This 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.
Chief Ajuri Ngelale
Special Adviser to the President
(Media & Publicity)
September 15, 2023