President Tinubu has nominated Cardoso as the new Governor of the Central Bank of Nigeria

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President Bola Tinubu has officially nominated Dr. Olayemi Michael Cardoso to assume the role of Governor of the Central Bank of Nigeria (CBN), initially for a five-year term, pending confirmation by the Nigerian Senate.

This announcement comes 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 Senate confirmation.

Additionally, President Tinubu has approved the nominations of four new Deputy Governors for the Central Bank of Nigeria (CBN), each for a five-year term, awaiting confirmation by the Nigerian Senate. The nominated Deputy Governors are as follows:

Mrs. Emem Nnana Usoro
Mr. Muhammad Sani Abdullahi Dattijo
Mr. Philip Ikeazor
Dr. Bala M. Bello

These appointments align with President Bola Tinubu’s Renewed Hope agenda, emphasizing the President’s anticipation that the nominated individuals will effectively implement critical reforms at the CBN. These reforms aim to bolster the confidence of both Nigerians and international partners in the ongoing restructuring of the Nigerian economy, ultimately fostering sustainable growth and prosperity for all.