Relocation: CBN headquarters currently overpopulated – Cardoso

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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