Cardoso assumes office as acting CBN governor

Olayemi Michael Cardoso on Friday took oaths of office as acting governor of the Central Bank of Nigeria (CBN) at a brief ceremony held at the CBN’s head office in Abuja.

According to a statement from the CBN signed by the Director of Corporate Communications, Isa AbdulMumin noted that the Governor and Deputy-Governors-Designate have assumed their roles in acting capacities following the resignations of Godwin Emefiele from the position of governor, Mr Folashodun ShonubiMrss. Aishah Ahmad, Mr. Edward Lametek Adamu, and Dr. Kingsley Obiora as Deputy Governors of the CBN.

Cardoso’s appointment came after President Bola Tinubu nominated him for the position on September 15, 2023. However, his role as acting governor is pending confirmation by the Senate.

Cardoso and his colleagues took their oaths of office at a brief ceremony held at the CBN’s head office in Abuja.

They are now responsible for administering monetary and financial sector policies on behalf of the federal government.

Cardoso brings significant experience to this role, having served as an Economic and Development Policy Advisor, Financial Sector Leader, former Chairman of Citi Nigeria, and Commissioner for Economic Planning and Budget in Lagos.

He holds degrees from Aston University in the United Kingdom and the Harvard Kennedy School in the United States.