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Presidency Debunks Rumors of CBN Governor Cardoso’s Resignation
The Presidency has firmly denied recent claims circulating in the media, alleging that President Bola Ahmed Tinubu has instructed the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, to step down from his position.
The rumours surfaced on various online platforms, which reported that the president had given a directive for Cardoso’s resignation.
In response to these reports, Bayo Onanuga, the Special Adviser to the President on Information and Strategy, took to his verified X account, @aonanuga1956, to address the situation.
He dismissed the claims as entirely false, labelling them as “all lies.” Onanuga urged the public to disregard the misleading information, stressing that there was no truth to the rumours about Cardoso’s resignation.
The presidency’s swift reaction underscores its commitment to curbing the spread of misinformation and ensuring that the public receives accurate updates regarding the actions and decisions of the government.
This response also reflects the ongoing support for Cardoso’s leadership at the CBN, signalling stability in the country’s financial sector.
TV anchor Rufai Oseni makes headlines as he speaks on fuel subsidy in Nigeria. He shared that Nigeria can have fuel subsidy without the long queues at filling stations.
“When we were still paying subsidies, there were no long queues. We were subsidising. So you can still have a subsidy regime going on, and there will be no long queues because production was close by. Dangote had it. That’s just it. That argument also falls flat.
“The biggest beneficiaries of subsidy are not Nigerians. They are crony capitalists that have big infrastructure, and they do contracts. They have been the biggest beneficiaries of the subsidy,” he said.
Lagos State Governor, Sanwo-Olu, speaks to those in the electricity sector about the usual blackouts in the state.
He speaks on ways things can change in the state and how electricity can be provided.
“We need to drop corporate egos, abandon long-standing excuses, and confront the harsh realities obstructing progress in the power sector.”
“We, state governments, used to give excuses that everything is centralised, so the Federal Government has unbundled it now. What have we done in a year and a half?” Sanwo-Olu asked.
“We take two steps forward, we go five steps backward,” he said.
Lagos State Governor Babajide Sanwo-Olu has declared Thursday, August 20, a work-free day for public servants in the state to mark the Isese Festival.
Speaking on the celebration, he said “Ìṣẹ̀ṣe is not a relic. It is a living expression of our traditions and a celebration of Yoruba spirituality as an important part of Nigeria’s cultural and religious landscape,” he said.
He added “When the drums sound in Lagos on Thursday, they answer drums in Havana, in Salvador, in Port of Spain. Fifty-five million people and counting. Lagos is not observing a local holiday. Lagos is standing at the centre of a global heritage,” Aregbe said.
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