Yemi Cardoso has been appointed as Governor of the Central Bank of Nigeria (CBN) by President Bola Tinubu.

He has also appointed four new deputy governors; namely Emem Nnana Usoro, Muhammad Sani Abdullahi Dattijo, Philip Ikeazor and Bala M. Bello.

Special adviser to the president on media and publicity, Ajuri Ngelale, announced the development in a statement on Friday.

Cardoso is expected to serve for a term of five years, upon confirmation by the senate.

Below are few things to know about the new CBN governor:

A BANKER AND CHARTERED STOCKBROKER

Cardoso is a financial and development expert with over thirty years’ experience in the private, public and not-for-profit sectors.

EDUCATION

His first degree is from the University of Aston, United Kingdom and his second degree from Harvard University, USA. In 2017, he was awarded an honorary doctorate degree in business administration by his alma mater, Aston University, in recognition of “his outstanding contributions to business and society”.

CAREER

His private sector experience includes an illustrious career with Citibank, Chase and Citizens International Bank. In 1999 upon return to civilian democratic rule, Yemi was appointed the first commissioner/ cabinet member for economic planning and budget for Lagos state. In this capacity, he wrote and monitored the implementation of the blueprint which catalysed economic development in the world’s sixth largest megacity.

He has served on the board of several leading companies including Texaco and Chevron Oil Plc. He is a member of the Belgian-based Cities Alliance Think Tank which aims to shape and influence policy and decision making on urban development in Africa and has strong relationships with key international donor agencies.

TINUBU’S COMMISSIONER

In 1999 upon return to civilian democratic rule, he was appointed the commissioner for economic planning and budget for Lagos state by the then governor and current president, Bola Tinubu.

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Source: Daily Trust