CBN: Cardoso Vows To Defend Autonomy Against Political Influence

September 27, 2023
CBN Reforms Yielding Positive Returns As FX Transactions Surge To $800m, CBN Gov Assert
Yemi Cardoso

In a resolute and emphatic declaration, Dr. Olayemi Cardoso, the recently appointed Governor of the Central Bank of Nigeria (CBN), has assured the nation that under his leadership, the apex bank will remain impervious to political manipulation or interference.

This assurance comes following his confirmation by the Senate and amid concerns about the influence of politicians on key institutions.

Join our WhatsApp Channel

During his Senate screening, Senate President Godswill Akpabio raised the crucial question of whether Dr. Cardoso would succumb to external pressures or be swayed by political interests during his tenure as CBN Governor.

READ ALSO: Senate Confirms Cardoso As CBN Governor, 4 Deputies

In response, Dr. Cardoso delivered a powerful statement: “It is important that we, who are considered for this position today, understand that this is a position of trust. With that comes a huge responsibility to meet up with that trust… under my leadership, we will not be hijacked by anybody.”

Dr. Cardoso’s unwavering commitment to preserving the CBN’s autonomy and integrity signifies a new chapter in the apex bank’s history, one where it stands as a bulwark against political influence.

He emphasized the need to do what is right when it is right and how it is right, highlighting the consequences of failing to do so.

The Senate on Tuesday confirmed Dr. Olayemi Cardoso as the next Governor of the CBN, along with the four Deputy Governors who assumed office the previous week as acting Governor.

This confirmation reaffirms the government’s confidence in the newly appointed leadership team and sets a clear course for a CBN that remains dedicated to its mission, independent of political pressures.

emmmmmm
+ posts

Emmanuel Ochayi is a journalist. He is a graduate of the University of Lagos, School of first choice and the nations pride. Emmanuel is keen on exploring writing angles in different areas, including Business, climate change, politics, Education, and others.

Emmanuel Ochayi

Emmanuel Ochayi is a journalist. He is a graduate of the University of Lagos, School of first choice and the nations pride. Emmanuel is keen on exploring writing angles in different areas, including Business, climate change, politics, Education, and others.

Naira Ends Week With N30 Gain In Black Market: Hope For Naira?
Previous Story

Naira Appreciate In Official Market, Black Market Hits N1000/$1

Terrorists Strike In Southern Kaduna, Claiming Six Lives After Zamfara Student Rescue
Next Story

Terrorists Strike In Southern Kaduna, Claiming Six Lives After Zamfara Student Rescue

Featured Stories

Latest from Business

NGX

Nigeria’s Stock Market Valuation Drops By N557bn

The value of the Nigerian stock market contracted to N105.88 trillion on Thursday, January 22, from the N106.44 trillion recorded on Wednesday, January 21. According to data obtained from the Nigerian Exchange (NGX), the stock market’s valuation declined by N557.10 billion after
Naira and dollar exchange

Dollar Exchanges At N1,423/$1 In Official Market

At the end of trading on Wednesday, January 21, the naira depreciated by 0.21 percent, leading to the foreign exchange rate for the dollar rising to N1,423 per $1 in the Nigerian foreign exchange market (NFEM). The foreign exchange rate for the
Naira Ends Week With N30 Gain In Black Market: Hope For Naira?
Previous Story

Naira Appreciate In Official Market, Black Market Hits N1000/$1

Terrorists Strike In Southern Kaduna, Claiming Six Lives After Zamfara Student Rescue
Next Story

Terrorists Strike In Southern Kaduna, Claiming Six Lives After Zamfara Student Rescue

Don't Miss

EU Stimulates Sustainable Agriculture In Nigeria With US$1.35Billion Project

EU Stimulates Sustainable Agriculture In Nigeria With US$1.35Billion Project

In line with instituting sustainable agriculture in Nigeria, the

2023 Elections: CSO Demands Immediate Removal Of INEC’s Lagos REC

As the 2023 elections draw closer, the Nigeria’s Voters Watch