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Yemi Cardoso Confirmed As CBN Governor




Emefiele Fiscal Policies Put CBN In A Bad Light - Cardoso

The Senate, under the leadership of Godswill Akpabio, has confirmed the nomination of Dr. Olayemi Cardoso as the Governor of the Central Bank of Nigeria (CBN).

Cardoso was screened alongside four nominees for the positions of CBN Deputy Governors to steer the affairs of the apex bank for the next five years.

The deputy governors include Emem Nnana Usoro, Muhammad Sani Abdullahi Dattijo, Philip Ikeazor, and Dr. Bala M. Bello.

The nomination of Olayemi Cardoso is hereby confirmed as governor of the Central Bank of Nigeria (CBN),” the Senate President said.

Before their confirmation, the nominees had answered questions on matters related to economic, monetary and other policies.

During the screening, Cardoso promised to embrace compliance, assuring that under his leadership, the apex bank would remain apolitical.

He said: “I believe that the Central Bank under our watch will have no choice but to embrace a culture of compliance.

“We will not wait for oversight to come and tell us what to do. We will ensure that by the time the system is passing through us, we catch it and deal with it. We will have zero tolerance for abuse of compliance.

“That is a cultural shift, a change in mindset, but we will make sure it happens.”

Recall that last week, Cardoso resumed as the CBN governor in an acting capacity pending his screening and expected confirmation by the Senate.

Meanwhile, the Senate has also scheduled the screening of two additional ministerial nominees by  President Bola Tinubu for Tuesday, October 3, 2023.

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The President, while the National Assembly was on break, appointed the duo of Dr. Jamila Ibrahim and Ayodele Olawande as Minister of Youths and Minister of State for Youths, respectively.