President Bola Tinubu on Friday appointed Dr. Olayemi Cardoso as the new Governor of the Central Bank of Nigeria, replacing Folashodun Shonubi who has headed the bank in acting capacity since the President suspended Godwin Emefiele. Cardoso is to serve a term of five years at the first instance, pending his confirmation.
The Special Adviser to the President, (Media & Publicity), Ajuri Ngelale disclosed this in a statement. He said the President also nominated four deputy governors to the apex bank.
The statement reads, “This directive is in conformity with Section 8(1) of the Central Bank of Nigeria Act, 2007, which vests in the President the authority to appoint the governor and four deputy governors for the Central Bank of Nigeria, subject to confirmation by the Senate.
“Furthermore, President Bola Tinubu has approved the nomination of four new deputy governors of the CBN for a term of five years at the first instance, pending their confirmation by the Nigerian Senate, as listed below.”
He listed the deputy governors to consist of Mrs Emem Usoro; Mr Muhammad Dattijo; Mr Philip Ikeazor; and Dr Bala Bello.
He said in line with Tinubu’s agenda, the President expected the nominees to successfully implement critical reforms at the CBN, which would enhance the confidence of Nigerians and international partners in the restructuring of the economy towards sustainable growth and prosperity for all.
The new CBN Governor hails from Lagos State. He spent his formative years in the vibrant city and received his primary education at Corona School Ikoyi, followed by his secondary education at St Gregory's College, both within Lagos before proceeding for further studies. His father, Felix Bankole Cardoso, made history by becoming Nigeria's first indigenous Accountant-General in 1963.
Cardoso is a devoted family man, happily married with five children and three grandchildren.
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