Tinubu Nominates Cardoso As CBN Governor, Names Four Deputy Governors

Posted by Rotimi Fadeyi Featured, Latest Headlines, News Across Nigeria Saturday, September 16th, 2023

(AFRICAN EXAMINER) – 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.

Presidential Adviser on Media and Publicity, Ajuri Ngelale disclosed this in a statement issued on Friday

According to him, the 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, the President 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. They are:

(1) Mrs. Emem Nnana Usoro

(2) Mr. Muhammad Sani Abdullahi Dattijo

(3) Mr. Philip Ikeazor

(4) Dr. Bala M. Bello

In line with Tinubu’s Renewed Hope agenda, the President expects the nominees to successfully implement critical reforms at the Central Bank of Nigeria, which would enhance the confidence of Nigerians and international partners in the restructuring of the Nigerian economy toward sustainable growth and prosperity for all.