Olayemi Cardoso Takes On The Role of Acting CBN Governor

Olayemi Cardoso, recently nominated by President Bola Ahmed Tinubu, formally assumed the role of Acting Governor of the Central Bank of Nigeria (CBN) on Friday, September 22, 2023, pending Senate confirmation, following the resignation of Godwin Emefiele as CBN Governor earlier this week.

The press release, signed by Isa Abdulmumin, CBN's Communications Director, also announced that the Deputy Governors-Designate have taken up their acting roles following the resignation of Folashodun Shonubi, Aishah Ahmad, Edward Lametek Adamu, and Kingsley Obiora as Deputy Governors of the CBN.

Cardoso and his colleagues took their oaths of office at a brief ceremony held at the Bank's Head Office in Abuja on Friday, September 2023, and have since been actively engaged in the administration of monetary and financial sector policies for the Federal Government.

With a wealth of experience as an Economic and Development Policy Advisor, Financial Sector Leader, former Chairman of Citi Nigeria, and former Commissioner for Economic Planning and Budget in Lagos, Cardoso brings over three decades of managerial expertise to his role. He is an alumnus of Aston University, Birmingham, United Kingdom, with a background in managerial and administrative studies, and holds a Master's degree in Public Administration from the Harvard Kennedy School, United States of America.

Cardoso and his colleagues were appointed to their respective positions at the Bank on September 15, 2023, pending Senate confirmation.

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