President Bola Tinubu has made a request to the Senate to approve Yemi Cardoso as the chairman of the Monetary Policy Committee of the Central Bank of Nigeria.
The upcoming MPC, led by Cardoso, is scheduled to convene its initial policy meeting on February 26 and 27.
This development was announced through a letter written by Tinubu to Senate President Godswill Akpabio, which was read during the plenary session on Wednesday, February 14, 2024.
The letter constituting the Monetary Policy Committee, read, “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).”