The Senate has confirmed the appointment of 12 persons as members of the Monetary Policy Committee of the Central Bank of Nigeria (CBN).
This confirmation comes after a report of the Committee On Banking, Insurance and other Financial Institutions Committee of the CBN was considered during plenary on Thursday.
The confirmation of the new MPC members comes days to the first policy meeting of the apex bank under the new CBN governor. The meeting has been slated for February 26 and 27, 2024.
The members are:
1. Olayemi Cardoso – Chairman
2. Muhammad Sani Abdullahi – Member
3. Bala M. Bello – Member
4. Emem Usoro – Member
5. Philip Ikeazor – Member
6. Lamido Yuguda — Member
7. Jafiya Lydia Shehu – Member
8. Murtala Sabo Sagagi – Member
9. Aloysius Uche Ordu – Member
10. Aku Pauline Odinkemelu – Member
11. Mustapha Akinwumi – Member
12. Bandele A.G. Amoo – Member
In November 2023, Cardoso, who was the newly appointed CBN Governor by President Bola Tinubu in September 2023, had said that the MPC meeting has not been effective under his embattled predecessor, Godwin Emefiele.
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