Dr Yemi Cardoso has declared that the challenges before Nigeria are enormous as he officially commences his journey as the governor of the Central Bank of Nigeria (CBN).
Cardoso’s confirmation comes with a commitment to address Nigeria’s substantial economic challenges.
He expressed his gratitude for the nomination to President Bola Ahmed Tinubu and the trust placed in him to lead one of Nigeria’s most critical financial institutions.
Acknowledging the role of the Nigerian Senate, Dr. Cardoso thanked the President of the Senate, Godswill Akpabio, and all senators for their thorough consideration and approval of his appointment.
In his statement, Dr Cardoso also took a moment to express his appreciation to his family and friends for their unwavering support throughout his career and during this significant appointment.
He remarked, “I am humbled to have been appointed as the Governor of the Central Bank of Nigeria,” understanding the immense responsibility of the role.
”The challenges we face are enormous. I am confident that with the support of the newly appointed Deputy Governors, the support of all Nigerians and relevant stakeholders, we will regain the trust and integrity of the Central Bank of Nigeria and succeed,” he added.
The Central Bank of Nigeria faces formidable challenges, including inflation, exchange rate stability, and economic growth.
Dr. Cardoso is confident that these challenges can be effectively addressed with the support of the newly appointed Deputy Governors and the backing of all Nigerians and relevant stakeholders.
Dr. Cardoso’s appointment comes at a time when Nigeria is seeking solutions to restore economic stability and promote sustainable growth.
Economic experts, however, say his extensive public and private sector experience positions him as a credible and capable leader to navigate these complexities.
Nigerians and the global community will be watching Dr. Cardoso and his team closely as they embark on striving for success in fulfilling the Central Bank’s vital mandates in an ever-evolving economic landscape.