Eko Hot Blog reports that Lagos State Governor, Babajide Sanwo-Olu, has congratulated Dr. Yemi Cardoso, a former Commissioner for Economic Planning and Budget in Lagos, on his nomination as the new governor of the Central Bank of Nigeria (CBN).
His congratulatory message was contained in a statement he posted on his X account on Friday.
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Recall that President Bola Tinubu announced Cardoso’s nomination in a statement Friday evening.
Sanwo-Olu described the nomination as well-deserved, saying his “extensive experience in banking and governance” makes him a unique appointment.
The Lagos governor expressed confidence that Cardoso will lead the apex bank with excellence.
“Congratulations to Dr. Yemi Cardoso on his well-deserved nomination as the new CBN Governor by President Bola Tinubu,” he said.
“Dr Yemi’s extensive experience in banking and governance uniquely positions him for this critical role.
“His journey through top financial institutions and his distinguished service as a former commissioner have honed his skills and wisdom.
“His appointment is a testament to his dedication to Nigeria’s economic growth.
“Dr Yemi Cardoso, your nomination by President @officialABAT is a proud moment for Lagos State and Nigeria. I have no doubt that you’ll steer the CBN with excellence, making significant strides for our nation’s monetary policy.”
Cardoso will be the new CBN governor for a term of five years at the first instance, pending his confirmation by the Senate.
He grew up in Lagos and attended Corona School Ikoyi and St. Gregory’s College all in Lagos for his primary and secondary education, respectively.
The next CBN boss completed his undergraduate studies upon obtaining a Bachelor’s degree in Managerial and Administrative Studies from Aston University in 1980.
Cardoso, a Lagosian, later furthered his education at the Harvard Kennedy School of Government, earning a Master’s degree in Public Administration in 2005 as a Mason Fellow.
In recognition of his outstanding achievements in the private and public sectors, he was granted a Doctorate in Business Administration (DBA) (honoris causa) by Aston University in 2017.
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He has served for over four decades in the public, private and development sectors as a leader and innovator.
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