Miracle Akubuo 

President Bola has officially approved the nomination of Dr. Olayemi Michael Cardoso as the new Central Bank of Nigeria (CBN) Governor for an initial 5-year term, pending Senate confirmation. 

The spokesperson, Chief Ajuei made this announcement in a press release on Friday, citing Section 8(1) of the Central Bank of Nigeria Act, 2007, which grants the President the authority to appoint the CBN Governor and four Deputy Governors, subject to Senate confirmation.

In line with this, the President also sanctioned the nomination of four new Deputy Governors for the CBN: Mrs. Emem Nnana Usoro, Mr. Muhammad Dani Abdullahi Dattijo, Mr. Philip Iheazor, and Dr. Bala M. Bello, all for a 5-year term, pending confirmation.

Furthermore, the President issued directives to the nominees, emphasizing the need to implement vital reforms within the CBN. These reforms are aimed at bolstering confidence among Nigerians and international partners, with the ultimate goal of restructuring the Nigerian economy for sustainable growth and prosperity.

Here are five intriguing facts about the newly nominated CBN Governor

Diverse Financial Expertise: The incoming CBN Governor possesses a wealth of diverse financial expertise, encompassing economics, banking, and finance. His extensive experience spans both public and private sectors.

Educational Background: He pursued management and administration studies at Austin University, earning a Bachelor of Science (B.SC) degree. 

Additionally, he holds a Master’s degree in Public Administration from Harvard Kennedy School and an honorary Doctorate degree in Business Administration from Austin University.

Academic Achievements: The Governor boasts a strong academic background, holding advanced degrees in economics and finance from renowned institutions. His commitment to continuous learning and staying updated with the latest developments in the field is evident.

Proven Track Record: Before his appointment as CBN Governor, he held key leadership positions in prominent financial institutions, consistently demonstrating exemplary performance and strategic vision. His ability to navigate complex financial landscapes has earned them a solid reputation.

Leadership Roles in Financial Institutions: The new CBN Governor has an impressive track record of leadership in reputable financial institutions, where he spearheaded innovative strategies to overcome economic challenges and drive sustainable growth. His remarkable management skills and vision have garnered recognition within the finance industry.

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