CBN Records Increase in Female Leadership Roles
By Patience Ikpeme
A notable shift in leadership at the Central Bank of Nigeria (CBN) has resulted in women now holding 35% of director positions and half of the Non-Executive Board seats.
This development signifies the institution’s strengthened dedication to creating a more inclusive and representative leadership structure.
CBN Governor Olayemi Cardoso spoke at the conclusion of the International Women’s Day (IWD) celebrations at the CBN Head Office, stating the Bank’s commitment to achieving gender-balanced leadership.
The event marked the end of a month-long programme celebrating IWD across the CBN.
“Increasing women’s representation in leadership is not just ethical; it is a strategic necessity,” Cardoso said. “The rise of women in leadership at the CBN mirrors a global shift, where skilled and visionary female leaders are reshaping governance. We at the CBN are proud to be part of this progress.”
The appointment of six new female directors sets a new record for the CBN, reflecting Governor Cardoso’s aim to promote diverse perspectives at the top.
He acknowledged the valuable contributions of women across the institution, including the newly appointed directors who join his Advisers – Dr. Daphne Dafinone, Dr. Nkiru Balonwu, and Ms. Shola Phillips – whose strategic insight, deep expertise, and steadfast commitment have been instrumental in navigating complex challenges and guiding CBN policy direction.
Cardoso also recognized the leadership of existing female directors who continue to play vital roles in steering the CBN forward.
Deputy Governor, Corporate Services, Ms. Emem Usoro, expressed appreciation for the collaborative effort behind this year’s IWD programme, calling it a reflection of the Bank’s commitment to equity, inclusion, and institutional progress. She referenced a World Economic Forum report projecting that full gender parity may not be achieved until 2054, and urged institutions to remove structural barriers and create opportunities for women to advance gender equity.
The IWD ceremony included the Inspiring Women Award, an initiative of the Change and Culture Transformation Unit (CCTU), which recognized outstanding female staff across the CBN’s branches.
From 806 nominations nationwide, 28 winners were selected after an evaluation process. Awardees came from branches across Nigeria, including Awka, Dutse, Yola, Gombe, Oshogbo, Kaduna, Enugu, and Birnin Kebbi.
Deputy Governor Emem Usoro received the Amazon Award from Governor Cardoso, for her leadership since assuming office. Ten female directors were celebrated as Trailblazers, and 18 other women were recognized for their contributions across the Bank.
