Olayemi Michael Cardoso, commonly known as Yemi Cardoso, is a well-known Nigerian financial expert and public policy specialist. Some of his notable accomplishments include:
- He served as the Commissioner for Economic Planning and Budget for Lagos State, where he played a crucial role in shaping the state’s economic framework.
- Yemi Cardoso founded the Ehingbeti Summit, an economic forum in Lagos State.
- He held the position of Chairman at Citibank Nigeria Ltd for 12 years before stepping down in 2022.
- Yemi Cardoso is a member of the Cities Alliance’s Africa Think Tank Group, focusing on challenges related to urban development.
- He serves on the boards of Nigerian subsidiaries of Texaco and Chevron. Additionally, he chairs the board of EFInA, a financial sector development organization.
- In 2017, he received an Honorary Doctorate in Business Administration (DBA) from Aston University. He was also named a Global Distinguished Alumnus by Citibank.
- Yemi Cardoso has recently been appointed as the Governor of the Central Bank of Nigeria (CBN).
Who Is Yemi Cardoso?
Yemi Cardoso, also known as Olayemi Michael Cardoso, is a prominent Nigerian banker currently serving as the Governor of the Central Bank of Nigeria.
Born on July 10, 1957, in Lagos, Nigeria, Cardoso’s journey is a remarkable tale of dedication, leadership, and service to his country.
Early Life and Education
Olayemi Cardoso’s educational foundation was laid at Corona School Ikoyi and St. Gregory’s College, Lagos.
His pursuit of knowledge took him to Aston University in the United Kingdom, where he earned a Bachelor’s degree in Managerial and Administrative Studies in 1980.
Later, in 2005, he graduated with a Master’s degree in Public Administration from the prestigious Harvard Kennedy School of Government.
Career in Banking and Financial Services
Cardoso’s career in banking commenced with Citibank, where he underwent the credit training program in Athens, Greece.
Over the years, he played pivotal roles in various financial institutions, including Chase Merchant Bank and Nigeria International Bank Limited.
His leadership skills and strategic vision led to the establishment of Citibank’s first branch outside Lagos.
In 1990, Olayemi Cardoso co-founded Citizens Bank, Nigeria, where he served as an Executive Director and held key positions in Corporate Banking and Treasury.
His impact resonated, making him Vice President and a respected figure in the banking sector.
Lagos State Government
Transitioning to public service, Cardoso became a Commissioner in Lagos State in 1999. He played a crucial role in establishing and overseeing the Ministry of Economic Planning & Budget, functioning as the administration’s think-tank.
His tenure involved chairing various cabinet-level committees, emphasizing his commitment to public welfare.
Board Membership of Citibank and Advocacy for Diversity
Cardoso’s influence extended to Citibank, where he chaired the audit committee and later became Chairman of the Board. As a leader, he advocated for diversity and gender inclusion, leaving a lasting impact on the corporate landscape.
Development Work and Philanthropy
Beyond his corporate and public roles, Cardoso founded the Africa Institute for Leadership and Public Administration (AILPA), promoting private-public partnerships. He actively contributed to impact investing through his membership on the Nigerian National Advisory Board.
Personal Life
Yemi Cardoso is a family man, married to Abimbola Cardoso, a leading financial adviser and entrepreneur. They are blessed with five children and three grandchildren, including a set of triplets and twins.
Parents: Father and Mother
Yemi Cardoso’s parents, Mr. and Mrs. Bankole Cardoso, hold a significant place in his life. His father, Felix Bankole Cardoso, served as the first indigenous Accountant-General of the Federation of Nigeria in 1963.
The Cardoso family, with roots in the Christian Yoruba tribe, traces its heritage to Brazilian returnees from prominent families in Popo Aguda.
Yemi Cardoso Net Worth (as of 2024)
As of 2024, Yemi Cardoso’s net worth is estimated at approximately $5 million. His financial success mirrors his impactful career in banking and public service, making him a notable figure in Nigeria’s economic landscape.
Background Informations
| Full Name | Olayemi Michael Cardoso |
| Date of Birth | July 10, 1957 |
| Place of Birth | Lagos, Nigeria |
| Nationality | Nigerian |
| Spouse (wife) | Abimbola Chima Cardoso |
| Children (kids) | 5 |
| Parents | Mr. and Mrs. Bankole Cardoso |
| Father’s Occupation | First indigenous Accountant-General of the Federation of Nigeria (1963) |
| Educational Background | Bachelor’s degree (B.Sc.) in Managerial and Administrative Studies from Aston University (1980) Master’s degree in Public Administration from Harvard Kennedy School of Government (2005) |
| Career | Governor of the Central Bank of Nigeria Commissioner for Economic Planning and Budget of the Lagos State Government Chair of the Board of Citibank Nigeria Various leadership roles in banking, stockbroking, and consulting |
| Net Worth (as of 2024) | $5 million |
In conclusion
Yemi Cardoso’s journey is a testament to the fusion of financial acumen, public service commitment, and advocacy for diversity.
As the Governor of the Central Bank of Nigeria, he continues to shape the nation’s economic trajectory with a vision rooted in leadership and service.
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