10 facts about CBN governor-nominee Cardoso

Marcus Amudipe
Marcus Amudipe


The President, Bola Tinubu, on Friday named Olayemi Michael Cardoso as the substantive Governor of the Central Bank of Nigeria.

He is expected to replace the Acting Governor of the CBN Folashodun Shonubu if confirmed by the Senate. Below are 10 facts about him.

i. Dr. Olayemi Cardoso hails from Lagos State, a city renowned for its vibrant economic and cultural diversity.

ii.His parents were descendants of Brazilian returnees who belonged to prominent families in Popo Aguda, adding a rich cultural heritage to his background.

iii. Dr. Cardoso’s father, Felix Bankole Cardoso, made history as Nigeria’s first indigenous Accountant-General of the Federation in 1963, setting a high bar for public service.

iv. His academic journey began at Corona School Ikoyi, where he received his primary education, followed by St. Gregory’s College in Lagos for his secondary education.

v. Dr. Cardoso’s pursuit of knowledge took him to Aston University, where he earned a Bachelor’s degree (B.Sc.) in Managerial and Administrative Studies in 1980.

vi. He continued his academic journey, earning a Master’s degree in Public Administration in 2005 as a Mason Fellow, showcasing his commitment to continuous learning and growth.

vii. Dr. Cardoso’s career in finance included serving as the former chairman of Citibank Nigeria, where he undoubtedly honed his financial acumen.

viii. His commitment to public service led him to serve as the Commissioner for Economic Planning and Budget in Lagos State during President Tinubu’s tenure as the governor.

ix. Dr. Cardoso is not just a participant in Lagos’s economic development but also an architect. He is the founding chairman and co-chair of the Ehingbeti Summit, the Lagos State economic summit.

x. Behind the impressive resume, Dr. Cardoso is a family man. He is married with five children and three grandchildren, embodying the values of responsibility and dedication.

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