Central Bank of Nigeria

Nigeria: Tinubu picks former Lagos ally as Central Bank chief

Issue 491 - 20 Sep 2023 - By Dominic Dudley | 1 minute read

President Bola Ahmed Tinubu has named Olayemi Cardoso to head the Central Bank of Nigeria (CBN). Cardoso was Lagos state’s economic planning and budget commissioner from 1999 until 2005, when Tinubu was governor. He is the latest member of that team to be appointed to high office.

Cardaso fills the vacancy left by Godwin Emefiele’s suspension and arrest in June, as the ex-governor was closely linked to disastrous policies enacted by outgoing president Muhammadu Buhari’s government.

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