Olayemi Cardoso who assumed duty as acting Governor of the Central Bank of Nigeria on Friday, September 22,2023 appeared before the senate on Tuesday September 26,2023 for the confirmation of his nomination.
During the screening, the lawmakers asked questions on how he would grow the economy of Nigeria in regards to inflation, fiscal and monetary policies and foreign exchange. On the issue of inflation, Cardoso promised to put measures in place, adding that the removal of subsidy by President Bola Tinubu is part of the measures geared towards addressing the issue
He said, “I know that you all see your various constituents regularly, you’ll be hearing a lot of complaints. Again, there are long-term measures, there are medium-term measures and I believe that some of those measures are being taken already on the fiscal side to at least address a lot of the things that had happened in the past. You look at the removal of oil subsidy, you look at the tightening up on payments being made by on taxes and a whole host of other areas.”
After the questioning, Olayemi Cardoso was confirmed as the 11th Governor of the Central Bank of Nigeria succeeding Godwin Emefiele.
The senate also confirmed the nomination of Emem Nana Usoru, Muhammad Sani Abdullahi Dattijo, Philip Ikeazor and Bala Bello as Deputy Governors of the apex bank.
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