Updated: Tinubu Nominates Yemi Cardoso As CBN Governor

President Bola Tinubu has appointed Olayemi Michael Cardoso as the new Governor of the Central Bank of Nigeria (CBN).

Cardoso will replace the suspended governor, Godwin Emefiele.

He will serve for a term of five years at the first instance, pending his confirmation by the Nigerian Senate.

Tinubu in a statement issued Friday
by his Special Adviser to the President on Media and Publicity, Ajuri Ngelale, said the directive was 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 Deputy Governors for the Central Bank of Nigeria (CBN), subject to confirmation by the Senate of the Federal Republic of Nigeria.

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He said: “Furthermore, President Bola Tinubu 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, as listed below:
Mrs. Emem Nnana Usoro; Mr. Muhammad Sani Abdullahi Dattijo; Mr. Philip Ikeazor; Dr. Bala M. Bello.

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

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WHO IS DR YEMI CARDOZO ??

Cardoso, a Lagosian, grew up and attended Corona School Ikoyi and St. Gregory’s College in Lagos for his primary and secondary education, respectively.

He completed his undergraduate studies upon obtaining a Bachelor’s degree (B.Sc.) in Managerial and Administrative Studies from Aston University in 1980. He later furthered his education at the Harvard Kennedy School of Government (HKS), earning a Master’s degree in Public Administration in 2005 as a Mason Fellow.

In recognition of his outstanding achievements in the private and public sector, Cardoso was granted a Doctorate in Business Administration (DBA) (honoris causa) by Aston University in 2017. He is also esteemed as a Fellow of the Chartered Institute of Stockbrokers.

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His dedication to lifelong learning has garnered recognition from various educational institutions, including as:

•Trustee of the Harvard club of Nigeria from 2022 till present

•Trustee of the Harvard Kennedy School Nigeria Alumni from 2020 till present

•Board advisor of the Lagos Business School from 2019 till present

•Trustee of St. Augustine University from 2018 till present

•Global Alumni-elected Board member of Harvard Kennedy School from 2006 – 2010