Seven Key Things to Know About Yemi Cardoso, Newly Appointed CBN Governor

President Bola Tinubu has confirmed Dr. Olayemi Michael Cardoso’s nomination as the new Governor of the Central Bank of Nigeria (CBN).

The special adviser to the President on Media and Publicity, Ajuri Ngelale, made this known on Friday. Cardoso will replace the Acting Governor of the CBN Folashodun Shonubi, for a term of five years, if confirmed by senate.

Included in the nomination are four deputies, Mrs. Emem Usoro, Mr. Muhammed Dattijo, Mr. Philip Ikeazor and Dr. Bala M. Bello. According to Ajuri the nominations are in line with Tinubu’s Renewed Hope agenda as he president expects them to “successfully implement critical reforms at the CBN.”

Here are some quick facts about the newly nominated CBN Governor, Cardoso:

Olayemi Cardoso is a Nigerian banker, chartered stockbroker and public policy expert.
He has served for over four decades in the public, private and development sectors as a leader and pacesetter.
Cardoso holds a Bachelor of Science in Managerial and Administrative Studies from Aston University, Birmingham, England. He has a Master’s degree in Public Administration from the Harvard Kennedy School, Cambridge, Massachusetts, the United States.
He served as the Commissioner for the Lagos State Ministry of Economic Planning and Budget when President Bola Tinubu was governor of the state.
He is a member of the advisory board of Lagos Business School.
Cardoso was the founding chairman and co-chair of Ehingbeti Summit, the Lagos state economic summit.
He was the chairman of the board of African Venture Philanthropy Alliance.

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