The Nigerian Senate is set to kickstart its legislative activities following a two-month annual vacation, and it has a packed agenda for its return. Among the key items on its docket is the screening of nominees for critical positions, including the acting Governor of the Central Bank of Nigeria (CBN), Dr. Olayemi Cardoso.
Dr. Cardoso, who has been holding the reins as the acting CBN Governor, is up for confirmation into the substantive capacity. This confirmation process is essential for steering the affairs of the apex bank for the next five years.
In addition to the CBN Governor, the Senate will also screen four nominees for the positions of CBN Deputy Governors. These nominations collectively form a crucial part of the country’s financial leadership and have far-reaching implications for the nation’s economic stability and growth.
All You Need To Know About The New CBN Governor, Olayemi Cardoso
President Bola Tinubu, during the National Assembly’s break, appointed two new ministers. Dr. Jamila Ibrahim was appointed as the Minister of Youths, while Ayodele Olawande assumed the position of Minister of State for Youths. These nominations will also be subjected to the Senate’s scrutiny on Tuesday, October 3, 2023.
It’s worth noting that President Tinubu had earlier nominated Dr. Cardoso as the new CBN Governor while the National Assembly was on vacation. Dr. Cardoso has since taken on the role in an acting capacity, pending his confirmation by the Senate.
The Senate’s commitment to its duties remains unwavering. It has pledged not to disappoint Nigerians when it comes to the appropriation of the 2024 budget. The revitalization of the economy is at the forefront of its priorities, and it aims to ensure that appropriations are targeted toward deliverables that enhance the well-being of Nigerians.
Senate spokesperson Yemi Adaramodu emphasized that the Senate is fully aware of the challenges facing Nigeria’s economy and is dedicated to finding permanent solutions. The Senate anticipates receiving the budget from the President soon, signaling a busy legislative session ahead.
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