Abuja, Feb. 14, 2024 – President Bola Tinubu has nominated Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), as the chairman of the newly constituted Monetary Policy Committee (MPC) of the apex bank.
The nomination was contained in a letter addressed to Senate President, Godswill Akpabio, and read on the floor at plenary on Wednesday.
The letter reads in part: “In accordance with the provisions of Section 12 of the Central Bank of Nigeria (CBN) Act 2007, I am pleased to present for confirmation by the Senate the appointments of the under-listed 12 persons as chairman and members of Monetary Policy Committee of the Central Bank of Nigeria.
“Olayemi Cardoso, CBN governor, chairman; Muhammad Sani Abdullahi, CBN deputy governor, member, Bala M. Bello, CBN deputy Governor (member), Emem Usoro, CBN deputy governor (member), Philip Ikeazor, CBN deputy governor (member), Lamido Yuguda, DG Securities and Exchange Commission (member), Lydia Shehu Jafiya, Permanent Secretary, Ministry of Finance (member), Muritala Sabo Sagagi, CBN director (member), Alloycius Uche Odu (member), Aku Pullen Odukemelu (member), Mustapha Akinwunmi (Member) and Bamidele A.G. Amuh (member).”
Akpabio referred the letter to the Senate Committee on Finance, Banking, Insurance and other Financial Institutions for further legislative action and to report back in one week.
Tinubu also nominated Kelechi Ohiri for appointment as the Director-General of the National Health Insurance Authority (NHIA).
The president also nominated Yomi Fasua to replace Kunle Sobukola who was earlier confirmed by the Senate for appointment as Commissioner of the National Population Commission representing Ogun State.
He called on the Senate to consider and confirm the appointments.(GBN)
