Who Is Dr Olayemi Cardoso? Senate confirms Cardoso as CBN governor

Here’s everything you need to know about Dr. Olayemi Cardoso, the new Governor of the Central Bank of Nigeria. You are required to read the article for more details and information about his life and career in general. Follow us around for all the insights and fresh updates.

Dr. Olayemi Cardoso

Who Is Dr Olayemi Cardoso?

Recently, the Senate confirmed Olayemi Cardoso as the new governor of Nigeria’s Central Bank. On Wednesday, it was reported that the Nigerian Senate led by Godswill Akpabio has confirmed Dr. Olayemi Cardoso as the new Governor of the Central Bank of Nigeria. It was revealed that besides him, four other nominees for appointed for the positions of CBN Depuy Governors were also confirmed as Emem Nnana Usoro, Muhammad Sani Abdullahi Dattijio, Philip Ikeazor, and Dr. Bala M. Bello. Reportedly, Cardoso resumed as the acting governor of the CBN last week which is pending his screening and expected confirmation by the Senate. However, his confirmation was met with congratulations from former Bayelsa East Senator, Ben Murray-Bruce, who described it as a transformative period for Nigeria.

It was confirmed that in response to questions from Senate members during his confirmation process, Cardoso outlined his plans to address the lack of stability in foreign exchange markets. However, he expressed his intention to prioritize clearing CBN’s foreign exchange without settling it in the near term. Moreover, Shehu Sani, the former Kaduna Central senator shared his expectations from the new CBN governor via social media. Furthermore, Sani urged Cardoso to rescue the naira and restart the country’s monetary policy while avoiding political rice farmers. However, the new leadership team present at the apex bank is expected to steer its affairs for the coming five years.

It was known that Olayemi Michael Cardoso hails from Lagos State and spent his formative years in the vibrant city and received his primary education at Corona School Ikoyi, followed by his secondary education at St. Gregory’s College. Additionally, he started his banking career with Citibank where he eventually rose to the position of Vice President by leaving the co-found Citizens International Bank where he was an Executive Director for eight years. Moreover, he holds the esteemed title of Fellow of the Chartered Institute of Stockbrokers. Evidently, he is a multitalented individual whose career sheds light on advancing international development and leadership initiatives.

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Shreya Gupta

Contract Specialist with 3 years of experience in end-to-end Contract Lifecycle Management for clients with global and domestic operations.

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