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New Management Team Appointed to Rescue Central Bank

New Governor of the Central Bank of Nigeria appointed by President Buhari (PHOTO: IntelRegion)
New Governor of the Central Bank of Nigeria appointed by President Buhari (PHOTO: IntelRegion)

In a move to rejuvenate the Central Bank of Nigeria (CBN) and bolster the nation’s economy, President Bola Tinubu’s administration has appointed a new management team for the CBN.

Senator Abdullahi Gumel, the Senior Special Assistant to the President on National Assembly Matters, made this announcement in a statement released in Abuja.

“The CBN’s image was badly battered, so this team that has come on board is a rescue team,” Senator Gumel emphasized, shedding light on the nature of this decision.

The primary objective of this new management team is to “rescue the image of the Central Bank of Nigeria,” as Senator Gumel put it.

He also stressed the widespread anticipation of positive changes, stating, “It is not only Nigerians that are waiting for the CBN’s new management to be up and running but the ECOWAS sub-region and the African Union (AU). They are waiting for Nigeria to get back the economy so that everybody will feel secure and happy.”

Senator Gumel commended the Senate for promptly confirming the appointment of Mr. Olayemi Cardoso as the CBN Governor and his accompanying team.

“The screening was successful as robust questions bothering on the economy were asked,” he noted, highlighting the Senate’s role in reflecting the concerns of the Nigerian people.

Olayemi Cardoso, the newly appointed CBN Governor, emphasized his commitment to addressing the apex bank’s outstanding foreign exchange obligations as a top priority.

“We need to promptly find a way to take care of that,” Cardoso stated, recognizing the significance of resolving foreign exchange challenges for economic progress.

The appointment of a new management team, along with the confirmation of Mr. Olayemi Cardoso as Central Bank’s Governor, signifies a resolute commitment to rebuilding trust and confidence in the country’s financial institutions.

Cardoso’s immediate focus on resolving foreign exchange issues underscores his dedication to addressing pressing economic concerns in Nigeria.

Techrectory with Agency Report.

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