Governance

Why Tinubu Chose To Appoint A New Management Team For CBN

Published

1 year ago

Sep 27, 2023.

Eko Hot Blog reports that Sen. Abdullahi Gumel, the Senior Special Assistant to the President on National Assembly Matters (Senate) says the appointment of the new management team for the Central Bank of Nigeria (CBN) is to rejig the bank and make it alive to its responsibilities.

Gumel said this in a statement on Wednesday in Abuja.

According to him, the appointment of the team by President Bola Tinubu was part of efforts to rescue the country’s economy from its challenges.

“The CBN’s image was badly battered so, this team that has come on board is a rescue team,” Gumel said.

“They have come to rescue the image of the CBN.

Central Bank of Nigeria organogram

“In fact, it is not only Nigerians that are waiting for the CBN’s new management to be up and running but the ECOWAS sub-region and the African Union (AU).

“They are waiting for Nigeria to get back the economy so that everybody will feel secure and happy.”

Gumel also lauded the Senate for confirming the appointment of Mr Olayemi Cardoso as the CBN Governor and his team on the first day of its plenary after recess.

“The screening was successful as robust questions bothering on the economy were asked.

“The lawmakers told the CBN governor and the deputy governors the feelings of Nigerians and what they talked to the team about is reflective of what Nigerians feel about the CBN,” he said.

Gumel expressed optimism that other appointees of the President would be screened and confirmed soon by the Senate.

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