President Bola Tinubu Nominates New Leadership Team for Central Bank of Nigeria
Abuja, Nigeria – In a significant move aimed at shaping the future of Nigeria’s monetary policy and economic stability, President Bola Tinubu has approved a fresh leadership team for the Central Bank of Nigeria (CBN). These nominations come in line with President Tinubu’s commitment to driving reforms under his Renewed Hope agenda.
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Dr. Olayemi Michael Cardoso, a highly regarded financial expert, has been nominated by President Tinubu to serve as the new Governor of the Central Bank of Nigeria. Dr. Cardoso’s appointment is proposed for an initial term of five years, pending confirmation by the Nigerian Senate.
This directive is in accordance with Section 8 (1) of the Central Bank of Nigeria Act, 2007, which grants the President of the Federal Republic of Nigeria the authority to appoint the Governor and four Deputy Governors for the CBN, subject to the Senate’s confirmation.
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In addition to the Governor’s nomination, President Tinubu has also put forward four accomplished professionals as Deputy Governors of the Central Bank of Nigeria. These nominations are set for an initial term of five years, pending Senate confirmation. The nominated Deputy Governors are as follows:
- Mrs. Emem Nnana Usoro
- Mr. Muhammad Sani Abdullahi Dattijo
- Mr. Philip Ikeazor
- Dr. Bala M. Bello
President Tinubu’s decision to nominate this cadre of financial experts underscores his dedication to implementing crucial reforms within the Central Bank of Nigeria. These reforms are expected to bolster the confidence of both Nigerians and international partners in the ongoing restructuring efforts aimed at achieving sustainable growth and prosperity for all.
As the nominees await confirmation by the Nigerian Senate, all eyes are on the Central Bank of Nigeria, anticipating a new era of leadership that will navigate the nation’s economic landscape toward greater stability and prosperity. President Tinubu’s selections are indicative of his commitment to the economic revitalization of Nigeria and the fulfillment of his Renewed Hope agenda.
