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Tinubu nominates Cardoso CBN Governor

Cardoso was a former commissioner for Lagos State Ministry of Economic Planning and Budget. Photo: dailyimages

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 5 years at the first instance pending his confirmation by the Senate.

The President has also approved the nomination of 4 new Deputy Governors of the Apex Bank for a term of 5 years at the first instance pending their confirmation by the Nigerian Senate.

In a statement, the Special Adviser to the President on Media and Publicity, Ajuri Ngelale listed the names of the new Deputy Governors to include Emem Nnana Usoro, Muhammad Sani Abdullahi Dattijo, Philip Ikeazor, and Dr Bala Bello

Accoding to the statement, the President expects the nominees to successfully implement critical reforms at the Bank to enhance the confidence of Nigerians and international partners in the restructuring of the Nigerian economy towards sustainable growth and prosperity.

Olayemi Michael Cardoso is a Nigerian banker, chartered stockbroker, consultant and public policy expert. He has served in the public and private sectors as a leader with prominent roles. Cardoso is the Founder of Africa Institute for Leadership and Public Administration (AILPA), an organization which focuses on promoting private-public partnerships.

Writing by Abdullah Bello; Editing by Oluwaseyi Ajibade and Daniel Adejo