President Bola Tinubu has approved the nomination of Olayemi Michael Cardoso as the new governor of the Central Bank of Nigeria (CBN).
A statement on Friday by Anjuri Ngelale, Tinubu’s spokesperson, said the appointment is for a term of five years at the first instance, subject to confirmation by the senate.
“This 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,” the statement reads.
The statement added that Tinubu also approved the nomination of four new deputy governors of the CBN for a term of five years at the first instance, pending their confirmation by the senate.
They are Mrs. Emem Nnana Usoro (2) Mr. Muhammad Sani Abdullahi Dattijo (3) Mr. Philip Ikeazor (4) 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,” the statement said.