President Bola Tinubu has nominated Dr. Olayemi Michael Cardoso to serve as the new Governor of the Central Bank of Nigeria (CBN).
The appointment, according to a statement released by Presidential spokesman, Ajuri Ngelale, on Friday, is subject to confirmation of the Senate.
Here are 12 things to know about Cardoso:
-
Olayemi Micheal Cardoso is a Nigerian banker, chartered stockbroker and public policy maker. He is a financial and development expert with over thirty years’ experience in the private, public and not-for-profit sectors.
-
In 1999, President Tinubu, as Lagos State Governor appointed Cardoso as the Commissioner for Ministry of Economic Planning and Budget.
-
He served as the former chairman of Citibank Nigeria.
-
Cardoso studied managerial and administrative studies at the 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.
-
He is Chairman of the board of African Venture Philanthropy Alliance.
-
He is the founding chairman and co-chair of Ehingbeti Summit, the Lagos state economic summit.
-
He is also a former executive lead at Harvard Kennedy School alumni association.
-
He wrote and monitored the implementation of the blueprint which catalysed economic development in the world’s sixth largest megacity.
-
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”.