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JUST IN: CBN Governor Olayemi Cardozo To Address The Nation
Yinka Olajoyetan, Lagos
Governor of the Central Bank of Nigeria Olayemi Cardozo will address the nation by 5pm on Friday (tomorrow) at the 58th CIBN Annual Bankers Dinner holding in Lagos.
The address will afford Cardozo the opportunity to unveil the Bank’s Monetary Policy Thrust and Economic Outlook for 2024.
The address will be the first public engagement by Cardozo since he was appointed CBN Governor by President Bola Tinubu over two months ago.
Recall that President Bola Tinubu announced the nomination of Cardozo as CBN Governor on September 15 following the suspension of the former Governor, Godwin Emefiele, on June 9.
Appointed alongside Cardozo were four deputy governors: Mrs. Emem Usoro, Mr. Muhammad Dattijo, Mr. Philip Ikeazor, and Dr. Bala M. Bello.
The new CBN Governor has been criticised for failing to hold the bi-monthly Monetary Policy Committee (MPC) meeting, the highest policy-making committee of the apex bank since he assumed office. The last of such meetings was on July 25.
The MPC has as its mandate to review economic and financial conditions in the economy; determine appropriate stance of policy in the short to medium term; review regularly the CBN monetary policy framework and adopt changes when necessary; and communicate monetary/financial policy decisions effectively to the public and ensure the credibility of the model of transmission mechanism of monetary policy