Senate has confirmed the appointment of Dr. Olayemi Michael Cardoso as the new Governor of the Central Bank

The Senate has confirmed the appointment of Dr. Olayemi Michael Cardoso as the new Governor of the Central Bank of Nigeria (CBN) and four others as deputy governors of the apex bank.

They were all confirmed on Tuesday following a screening conducted by the upper legislative body.

President Bola Ahmed Tinubu had, on September 15, 2023, approved the nomination of Cardoso to serve as the new CBN governor.

Cardoso had formally assumed duty as the acting governor of the CBN last Friday, pending his confirmation by the Senate.

Similarly, the Deputy Governors-Designate also assumed duty in acting capacities.

Mr. Folashodun Shonubi, Mrs. Aishah Ahmad, Mr. Edward Lametek Adamu, and Dr. Kingsley Obiora are the four new Deputy Governors of the CBN.

An Economic and Development Policy Advisor, Financial Sector Leader, former Chairman of 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.

The new CBN governor also holds a Master’s degree in Public Administration from the Harvard Kennedy School, United States of America (USA).