Olayemi Cardoso Named Chairman of Africa Finance Corporation

The Africa Finance Corporation (AFC) has appointed Mr. Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), as the Chairman of its Board of Directors. He succeeds Ireti Samuel-Ogbu, the immediate-past Chair, who remains a board member.

Mr. Cardoso, who took office as CBN Governor in September 2023, has initiated extensive reforms aimed at restoring macroeconomic stability and enhancing investor confidence in Nigeria. His previous experience includes a 12-year tenure as Chairman of Citibank Nigeria and serving as Commissioner for Economic Planning and Budget in Lagos State.

He holds a degree from Aston University and a master’s in public administration from Harvard Kennedy School. The AFC continues to expand its role in financing strategic infrastructure across Africa.

Samaila Zubairu, President & CEO of AFC, expressed delight at Cardoso's appointment, emphasizing the importance of productive capacity for Africa's stability. Cardoso stated his commitment to advancing AFC's mission to create jobs and support industries.