NIGEIA- The Nigerian Senate on Tuesday confirmed Mr Olayemi Cardoso as Governor of the Central Bank of Nigeria, CBN.
Other nominees who were confirmed as Deputies to Olayemi are Emem Usoro, Muhammad Abdullahi-Dattijo Philip Ikeazor, and Bala Bello.
Their screening commenced after hours of the closed-door meeting which was presided by the Senate President, Godswill Obot Akpabío, having resumed from a two-month annual recess.
Recall that the exchange rate between the Naira and other currencies especially the United States Dollars dominated the lawmakers’ questions.
The lawmakers lamented economic woes, particularly the free fall of the Naira.
Senators Jimoh Ibrahim, Adams Oshiomhole, and Elisha Abbo expressed their discontent and urged the new CBN team to “look outside the box to see a way of strengthening the Naira.”
Cardoso is a Nigerian banker, chartered stockbroker, and public policy maker who serves as the Governor of the Central Bank of Nigeria. He served as the former chairman of Citibank Nigeria and was the Commissioner for the Lagos State Ministry of Economic Planning and Budget.
Cardoso studied managerial and administrative studies at Aston University, where he obtained a Bachelor of Science (B.Sc.) degree. He has a Master’s degree from the Harvard Kennedy School in public administration.
Cardoso 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.
