The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, is scheduled to make a national address tomorrow, November 24, 2023, at 7 pm, according to a reliable source close to the CBN governor who chose to remain anonymous.

This forthcoming address holds significant importance for Governor Cardoso, marking his inaugural public engagement since assuming the position of CBN Governor over two months ago, following his appointment by President Bola Tinubu.

Governor Cardoso's speech is anticipated to delve into a comprehensive explanation of the CBN's monetary policy and strategic plans, focusing on addressing the challenges facing the national currency, the Naira. Given the economic uncertainties, this communication aims to offer transparency and reassurance to the public.

The announcement follows President Bola Tinubu's nomination of Cardoso as CBN Governor on September 15, a decision prompted by the suspension of the former Governor, Godwin Emefiele, on June 9. Four deputy governors were appointed alongside Cardoso, including Emem Usoro, Muhammad Dattijo, Philip Ikeazor, and Bala M. Bello.

However, since assuming office, Governor Cardoso has been criticised for not convening the bi-monthly Monetary Policy Committee (MPC) meeting, the apex bank's highest policy-making committee. The last MPC meeting took place on July 25. The MPC is instrumental in reviewing economic and financial conditions, determining short to medium-term policy stances, regularly evaluating the CBN monetary policy framework, and effectively communicating policy decisions to the public.