The National Association of Nigerian Students (NANS) has called on President Bola Tinubu to swiftly terminate the appointment of the Central Bank of Nigeria (CBN) Governor, Dr. Olayemi Cardoso, citing concerns about his lack of expertise and understanding in international economics.
In a statement released on Wednesday, jointly signed by NANS Southwest Zone D Coordinator, Alao John, and Public Relations Officer Bamigboye Peter Oluwadamilola, the student body expressed deep worries about the direction of the nation’s economy under Cardoso’s leadership.
NANS highlighted the crucial role of the CBN in shaping economic policies and ensuring financial stability, asserting that Cardoso’s alleged deficiency in international economics poses a significant risk to Nigeria’s economic interests, especially in navigating the complexities of the global financial landscape.
The statement read, “It is evident that the incumbent CBN Governor lacks the necessary expertise in international economics. This deficiency poses a significant risk to Nigeria’s economic interests, particularly in navigating the complexities of global economic dynamics and fostering sustainable growth.”
NANS urged the federal government to prioritize the appointment of a CBN Governor with a comprehensive understanding of international economics and the ability to collaborate effectively with fiscal authorities. The student body stressed the importance of competent leadership for implementing sound monetary policies that promote economic stability and growth.
Additionally, NANS advocated for establishing a clear and measurable performance evaluation framework for the CBN Governor, encompassing key areas such as price stability, financial system resilience, and economic growth.
The call for the removal of the CBN Governor comes amid growing concerns about the economic challenges facing Nigeria.