Pres. Tinubu requests Senate’s confirmation of Cardoso as MPC Chair

President Bola Tinubu has requested the Senate to approve Dr. Yemi Cardoso as the chairman of the Monetary Policy Committee of the Central Bank of Nigeria.

The request from the President was contained in a letter written by Tinubu to Senate President Godswill Akpabio, which was read during the plenary session on Wednesday, February 14, 2024.

On February 26 and 27, the upcoming Cardoso-led MPC will hold its first policy meeting in 2024.

The letter reads: “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 the 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).”

Others include:  “Muritala Sabo Sagagi, CBN director (member), Alloycius Uche Odu (member), Aku Pullen Odukemelu (member), Mustapha Akinwunmi (member), and Bamidele A.G. Amuh (member).”

The Senate President referred Tinubu’s request to the Senate Committee on Banking for further legislative input.