Who is new CBN governor Olayemi Cardoso?

President Bola Tinubu has nominated Olayemi Cardoso as the new governor of the Central Bank of Nigeria (CBN) subject to confirmation by the Senate.

Presidential spokesman Ajuri Ngelale made this known on Friday.

Ngelale added that the president also approved the nomination of Emem Usoro, Muhammad Dattijo, Philip Ikeazor and Bala Bello as CBN deputy governors for a term of five years.

He said that the deputy governors’ appointments were also subject to Senate confirmation.

Below are major things to know about Cardoso:

He is a banker, chartered stockbroker and public policy maker.

Cardoso served as the commissioner for the Lagos State Ministry of Economic Planning and Budget when President Bola Tinubu governed Lagos.

He holds a bachelor of science degree in Managerial and Administrative Studies from Aston University, Birmingham, England.


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Cardoso has a master’s degree in public administration from the Harvard Kennedy School, Cambridge, Massachusetts, United States.

He was chairman of the board of Citibank Nigeria.

He became a member of the Cities Alliance’s Africa Think Tank Group, a group created to solve urban development challenges.

He has served as a board member of MRS Oil and was the chairman of the board of EFinA.

Cardoso is a member of the advisory board of Lagos Business School and chairman of the board of the African Venture Philanthropy Alliance.

He is the founding chairman and co-chair of Ehingbeti Summit, the Lagos State Economic Summit.

He is also a former executive lead at the Harvard Kennedy School Alumni Association.