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The President of Nigeria His Excellency Bola Ahmed 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 five (5) years at the first instance, pending his confirmation by the Nigerian Senate.

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.

13 Things You May Not Know About New CBN Gov Cardoso

President Bola Tinubu has appointed ace banker, Yemi Cardoso, as the new Governor of the Central Bank of Nigeria (CBN) pending confirmation by the Senate.

Here are 13 things to know about the new CBN Governor :

1. Olayemi Micheal Cardoso is a banker and chartered stockbroker

2. He served as the former chairman of Citibank Nigeria for 12 years until his resignation in 2022.

3. He was the Commissioner for Lagos State Ministry of Economic Planning and Budget in 1999.

4. He was the Chairman of the board of the African Venture Philanthropy Alliance

5. He has served as a board member of MRS Oil formerly known as Texaco Ltd.

6. Cardoso studied managerial and administrative studies at the Aston University, where he obtained a Bachelor of Science (B.Sc.) degree

7. He has a Master’s degree from the Harvard Kennedy School in public administration.

8. Cardoso is a member of the advisory board of Lagos Business School

9. He is also a former executive lead at Harvard Kennedy School alumni association

10. Cardoso pioneered the Ehingbeti Lagos economic summit in the year 2000 as a platform that enabled business leaders and other multi-stakeholders.

11. His father, Felix Bankole Cardoso, was the first indigenous Accountant-General of the Federation of Nigeria in 1963 and the first indigenous Vice Chairman and Managing Director of Barclays Bank of Nigeria shortly after joining the bank in 1972.

12. Cardoso is married with five children and three grandchildren.

13. His parents were descendants of Brazilian returnees and came from prominent families from Popo Aguda.

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