Relocation: CBN headquarters currently overpopulated – Cardoso

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In an interview with Arise Television on Monday, the Governor of the Central Bank of Nigeria, Olayemi Cardoso, explained that the proposed relocation of departments and staff to other branches was a result of the current “overpopulation” at the bank’s headquarters.

Cardoso emphasized that this initiative is a normal process for a dynamic organization like the central bank and aims to align the structure with its functions and goals.

Additionally, the governor stated that the redistribution of skills will lead to a more balanced dispersal of talent across different locations.

“I think there’s been an attempt to sensationalize what is a normal process for any vibrant entity like a central bank. Bear in mind that, as a national institution, the central bank has a presence in every state of the federation.

“A situation where a large number of technical skills are in one particular location to the detriment of others does not speak well,” he said.

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