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Just In: Tinubu Nominates Former Lagos Commissioner As CBN Governor

 

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 years at the first instance, pending his confirmation by the Nigerian Senate.

This was contained in a statement issued by Presidential Spokesman, Ajuri Ngelale on Friday.

” 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.

” The names are as follows; Mrs. Emem Nnana Usoro, Mr. Muhammad Sani Abdullahi Dattijo, Mr. Philip Ikeazor,  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”, said Ngelale.

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.

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He has served as a board member of MRS Oil and was the chairman of the board of EFinA.

He is a member of the advisory board of Lagos Business School and chairman of the board of African Venture Philanthropy Alliance.

Cardoso was Lagos State Commissioner for economic planning and budget during Tinubu’s government as governor.

He is the founding chairman and co-chair of Ehingbeti Summit, the Lagos state economic summit. 

He is also a former executive lead at Harvard Kennedy School alumni association.

 

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