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.
According to a press statement released yesterday by the Special Adviser to the President on Media and Publicity, Ajuri Ngelale, the directive is in accordance 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 CBN, subject to confirmation by the Senate of the Federal Republic of Nigeria.
In addition to Dr. Cardoso’s nomination, President Tinubu has also approved the nomination of four new Deputy Governors for the Central Bank of Nigeria. These nominees are: Mrs. Emem Nnana Usoro; Muhammad Sani Abdullahi Dattijo; Philip Ikeazor; Dr. Bala M. Bello.
Like Dr. Cardoso, these Deputy Governors will serve for a term of five years, pending confirmation by the Nigerian Senate.
The nominations are now set to undergo the Senate screening and confirmation process, and if confirmed, they will play a vital role in shaping the nation’s economic landscape.
