Home Business CBN Acting Governor, Olayemi Cardoso Assumes Duty

CBN Acting Governor, Olayemi Cardoso Assumes Duty


Dr. Olayemi Michael Cardoso, recently nominated by President Bola Ahmed Tinubu, has today, September 22, 2023, formally assumed duty, in an acting capacity, as the Governor of the Central Bank of Nigeria (CBN), pending his confirmation by the Senate.

This was contained in a statement by the bank made available to the media.

Cardoso’s resumption follows the resignation of Mr. Godwin Emefiele as Governor of the Central Bank of Nigeria (CBN).

Similarly, the Deputy-Governors Designate have also assumed duty, in acting capacities, sequel to the formal resignation of Mr. Folashodun Shonubi, Mrs. Aishah Ahmad, Mr. Edward Lametek Adamu, and Dr. Kingsley Obiora as Deputy Governors of the CBN.

Dr. Cardoso and his colleagues subscribed to the relevant oaths of office at a brief ceremony held at the Bank’s Head Office in Abuja, and have since settled down to the task of administering monetary and financial sector policies of the Federal Government.

Cardoso before his appointment was an Economic and Development Policy Advisor, Financial Sector Leader, former Chairman Citi Nigeria and Commissioner for Economic Planning and Budget in Lagos. Cardoso brings over three decades of managerial experience on board.

He is an alumnus of Aston University,
Birmingham, United Kingdom, where he studied managerial and administrative studies.

He also holds a Master’s degree in Public Administration from the Harvard Kennedy School, United States of America.

Recall that Dr. Cardoso and his colleagues were appointed to their respective positions at the apex Bank on September 15, 2023, subject to their confirmation by the Senate

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