President Bola Tinubu has requested that the Senate confirm Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN), as Chair of the Monetary Policy Committee (MPC).
The president also named Mohammed Sani Abdullahi, Bala Bello, Emem Usoro, and Philip Ikeazor, the apex bank’s deputy governors, to the committee.
Tinubu‘s request, based on Section 12 of the CBN Act, was contained in a letter read by Senate President Godswill Akpabio on Wednesday on the red chamber floor.
“In accordance with the provisions of section 12 of the Central Bank of Nigeria (CBN) Act of 2007, I am pleased to present for confirmation by the Senate, the appointments of the under-listed 12 persons as chair and members of the monetary policy committee (MPC) of the CBN.”
Other MPC members appointed by Tinubu include Lamido Yuguda, director-general of the Securities and Exchange Commission (SEC); Jibia Shehu, permanent secretary of the Ministry of Finance; Murtala Sabo; Uche Wogu; Maureen Agu; Mustapha Akinwumi; and Bamidele Omo.
Akpabio referred the president’s request to the Senate Banking Committee for further legislative input.