The Senate on Thursday confirmed the appointment of the 12-member Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN).
The names of the 12 nominees were earlier sent to the Senate by President Bola Tinubu. sent earlier by President Bola Tinubu.
The approval by the Senate followed a report by its committee on Finance, Banking, Insurance, and other Financial Institutions, which found the nominees worthy of the office.
Members of the MPC are CBN Governor- Yemi Cardoso as Chairman; Muhammad Abdullahi, CBN Deputy Governor (Member); Bala Bello, CBN Deputy Governor (Member); Emem Usoro, CBN Deputy Governor (Member); Philip Ikeazor, CBN Deputy Governor (Member) and; Lamido Yuguda, Director General of the Security and Exchange Commission (SEC) (Member).
Others are Jafia Lydia Shehu, Permanent Secretary of the Federal Ministry of Finance (Member); Muritala Sabo, CBN Director (Member); Aloysius Uche (Member); Agu Paulin (Member); Mustapha Akinwumi (Member); and Bamidele Amon (Member)
The CBN plans to hold its first MPC meeting in nearly eight months on February 26 and 27. The meeting will be the first since the appointment of Cardoso.