President Bola Tinubu has given his approval for the appointment of Dr. Olayemi Michael Cardoso as the new Governor of the Central Bank of Nigeria (CBN) for an original term of five years, pending evidence by the Nigerian Senate. This action aligns with Section 8(1) of the Central Bank of Nigeria Act, 2007, which grants the President of Nigeria the authority to elect the CBN Governor and four Deputy Governors, subject to Senate evidence.
Also, President Bola Tinubu has backed the nominations of four new Deputy Governors for the CBN for an original term of five, pending Senate confirmation. The appointees are: Mrs. Emem Nnana Usoro, Mr. Muhammad Sani Abdullahi Dattijo, Mr. Philip Ikeazor, and Dr. Bala M. Bello.
These appointments reflect President Tinubu's Renewed Hope
docket, with the anticipation that these appointees will lead essential reforms
at the CBN. These reforms aim to boost the trust of both Nigerians and
transnational partners in the Nigerian economic restructuring for sustainable
growth and development.
Simha Asuquo contributes from Lagos, Nigeria.
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