All Eyes on Yemi Cardoso

Sustainable economic development is the goal of every nation on the earth today. But such a goal is driven and achieved by capable minds. In Nigeria, all eyes are on Dr. Olayemi Cardoso, the newly confirmed Governor of the Central Bank of Nigeria (CBN). Given the matters at hand, Cardoso has much to handle.

Naira matters are never straightforward, but Cardoso has to do his utmost best to meet the expectations of Nigerians everywhere. This is the general sentiment from the public regarding the Senate’s confirmation of Cardoso’s nomination as CBN governor. However, this sentiment indicates some concern regarding Cardoso’s capabilities within the framework of Nigeria’s economic predicament.

It seems that the main impediment to the public having a positive image of Cardoso’s capabilities is the fact that there are perceived issues with CBN’s integrity. Owing to the circumstances that saw the former governor, Godwin Emefiele, out of office, Nigerians are not keen on trusting the institution to uphold integrity and transparency.

Thus, Cardoso has to think up ways to engage the public, reassuring them of his determination to serve the nation without ulterior motives. Once he accomplishes this, he can resolve the problem of inflation and the unreasonable up-and-down movements of product and service prices all over the nation.

There is also the issue of debt management to consider. The average Nigerian thinks that the nation is wallowing in debits and unable to go from red to blue in its balance sheets. But others know that the country is blessed, overflowing with potential, and only needs the nudge of a competent mind.

To be sure, Cardoso has sufficient training to stir the waves. With a reliable academic profile and a fat career portfolio depicting his time at Citibank, Ehingbeti Summit, and Harvard Kennedy School, to name a few, many Nigerians are hopeful that something positive will come out of his leadership at the apex banking institution.

Ultimately, all eyes are on Cardoso. If he manages to tie up some of the loose ends by December, the nation will celebrate him ceaselessly.