Eko Hot Blog reports that Dr. Olayemi Michael Cardoso, the newly nominated Governor of the Central Bank of Nigeria (CBN), is a financial and development expert with over 30 years of experience in the private, public, and not-for-profit sectors.
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Cardoso’s private sector experience includes an illustrious career with Citibank, Chase, and Citizens International Bank. In 1999, upon the return of civilian democratic rule, he was appointed the first Commissioner for Economic Planning and Budget for Lagos State. In this capacity, he wrote and monitored the implementation of the blueprint that catalysed economic development in the world’s sixth largest megacity.
Cardoso has also served on the boards of several leading companies, including Texaco and Chevron Oil Plc. He is a member of the Belgian-based Cities Alliance Think Tank, which aims to shape and influence policy and decision-making on urban development in Africa. He also has strong relationships with key international donor agencies.
Cardoso holds a Master of Public Administration degree from Harvard University and an honorary doctorate degree in business administration from Aston University.
President Bola Tinubu 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.
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“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 on Media & Publicity reported on September 15, 2023
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