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Yemi Cardoso

CBN: Cardoso Vows To Defend Autonomy Against Political Influence

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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.

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.”

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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.

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