President Tinubu Nominates Yemi Cardoso As CBN Governor And Four Deputy Governors
President Bola Tinubu has put forward Dr. Olayemi Michael Cardoso for the position of Governor of the Central Bank of Nigeria (CBN).
This announcement was made in an official statement released by Presidential spokesman, Ajuri Ngelale, on Friday.
According to the statement, this appointment is contingent upon the confirmation of the Senate.
It stated,
- “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 five (5) years at the first instance, pending his confirmation by the Nigerian Senate.”
The appointment aligns with Section 8 (1) of the Central Bank of Nigeria Act, 2007, which grants the President of Nigeria the authority to appoint the Governor and four Deputy Governors for the CBN, subject to Senate confirmation.
Additionally, President Tinubu has nominated four individuals for the role of Deputy Governors of the CBN, also for a term of five years initially, pending Senate confirmation.
The nominees are as follows:
- Mrs. Emem Nnana Usoro
- Mr. Muhammad Sani Abdullahi Dattijo
- Mr. Philip Ikeazor
- Dr. Bala M. Bello
Under President Tinubu’s “Renewed Hope” agenda, these nominees are expected to implement crucial reforms at the CBN, aiming to boost the confidence of both Nigerians and international partners in the restructuring of the Nigerian economy, ultimately leading to sustainable growth and prosperity for all.
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