Dr. Olayemi Michael Cardoso will take over as the new governor of the Central Bank of Nigeria (CBN) once President Bola Tinubu gives his consent, initially for a term of five (5) years, pending Senate confirmation.
Godwin Emefiele, the suspended CBN boss who is still in DSS custody, will be replaced by Cardoso, who will have the following qualifications:
Cardoso holds a variety of titles, including that of banker, chartered stockbroker, and public policymaker. He has held positions as commissioner for the Lagos State Ministry of Economic Planning and Budget and chairman of Citibank Nigeria.
He earned a Bachelor of Science (B.Sc.) in Managerial and Administrative Studies from Aston University where he studied.
Cardoso also obtained a Master’s degree from the Harvard Kennedy School in Public Administration.
The new acting CBN governor was a member of the Cities Alliance’s Africa Think Tank Group, served as a board member of MRS Oil, and was the chairman of the board of EFinA.
Even more, he is a member of the advisory board of Lagos Business School and chairman of the board of the African Venture Philanthropy Alliance.
He is the founding chairman and co-chair of Ehingbeti Summit, the Lagos state economic summit.
Cardoso is also a former executive lead at the Harvard Kennedy School Alumni Association
