Bankole Cardoso

Managing Director @delta40_studio I Trustee @drasatrust I Manchester United Aficionado I #climateinvestments #SDG7

[Bankole Cardoso @BankyC]

👏🏾👏🏾👏🏾GLOBAL CENTRAL BANK OF THE YEAR = CENTRAL BANK OF NIGERIA 🤩

[Central Bank of Nigeria @cenbank]

CBN Governor, Mr. Olayemi Cardoso, on Wednesday, June 10, 2026, in London, formally received the 2026 Central Banking Central Bank of the Year Award.

[Bankole Cardoso @BankyC]

I’ll be speaking at The Cleantech Investment Forum this Thursday. Cleantech in Nigeria is moving from conversation to execution.
Let’s talk about what it really takes to scale.

[Damilola Ogunbiyi @DamilolaSDG7]

Honoured to be included in the 2026 @TIME Earth Awards list.

This is not just a recognition of my work and my @SEforALLorg and @UN colleagues, but all who have supported the vision of accelerating the clean #energytransition and action on #climatechange.

https://t.co/aCm188mPFh

[Bolaji Fesomade @MasterBolaji]

Big news!

Central Bank of Nigeria has been named the best central bank in the world for 2026 because it made smart changes that helped fix Nigeria’s economy and make things more stable.

Well done to Olayemi Cardoso

[Bayo Onanuga, OON, CON @aonanuga1956]

STATEHOUSE PRESS RELEASE

TOWARDS OPTIMISING THE POWER SECTOR, PRESIDENT TINUBU INAUGURATES COMMITTEE ON GRID ASSET MANAGEMENT COMPANY(GAMCO).

President Bola Tinubu on Friday constituted an 11-member committee to ensure the smooth sailing incorporation of the Grid Asset Management Company Limited (GAMCO).

The committee's constitution followed the Federal Executive Council's approval of the company's establishment at its Wednesday meeting. In proposing GAMCO, President Tinubu hopes to fast-track a quick-fix solution to the endemic problems of stranded power, grid management and transmission in the country's electricity sector. 

The Chief of Staff to the President, Femi Gbajabiamila, who performed the inauguration on behalf of the President, said the committee was critical to the realisation of President Tinubu’s aspirations in Nigeria’s power sector.

“The proposed establishment of GAMCO is one of the revolutionary steps taken by Mr President and this administration in the all-important power sector. We are here for the inauguration of the Committee on Grid Asset Management Company (GAMCO), which is basically to optimise and revolutionise power generation, and in particular, the grid and transmission sector,” the Chief of Staff said.

He called on members to align with the President's vision in proposing the formation of GAMCO and to stick to the committee's mandate.

The Chief of Staff said the committee will conduct a comprehensive review of existing laws, regulations, policies, and institutional frameworks governing the electricity value chain, including generation, transmission, distribution, and market operations.

It will examine the implications of the Electricity Reform Laws (2025) and related unbundling arrangements on asset ownership, management, and regulatory oversight. It will identify areas of conflict, overlap, or inconsistency between the proposed GAMCO framework and extant legal and regulatory instruments.

The committee will also assess the legal status, ownership structure, and contractual obligations of the Niger Delta Power Holding Company (NDPHC) and National Integrated Power Project (NIPP) assets, including the Omotosho, Olorunshogo, and Ihovbor plants, which GAMCO plans to use for its pilot phase.

It will evaluate the interface between GAMCO's proposed mandate and the statutory functions of the Nigeria Electricity Regulatory Commission, and determine the fiscal, financial, and market implications of the proposal, including subsidy exposure, market liquidity, and revenue frameworks.

In addition, the committee will determine whether the establishment and operationalisation of GAMCO require amendments to primary legislation, subsidy regulations, and executive directives.

The Chief of Staff to the President is the Chairman of the Committee, with the Attorney–General of the Federation and Minister of Justice, and the Ministers of Power, Works, and Finance as members.

Others include the Ministers of Communication and Digital Economy, Science, Technology and Innovation, Aviation and Aerospace Development, the Minister of State (Petroleum), the Chairman of the Nigeria Revenue Service, and energy expert Professor Yemi Oke. The Permanent Secretary of the Cabinet Affairs Office, Dr John Chidiebere Ezeamama, is the committee's secretary.

The Grid Asset Management Company Limited (GAMCO) aims to recover and optimise stranded power generation using the Benin-Lagos transmission corridor as a pilot phase.

The initiative will address Nigeria's power sector challenges through optimisation, private capital mobilisation, and disciplined asset management, ultimately improving electricity reliability and national competitiveness.

The Federal Government will fully own GAMCO as a commercial venture, with the shares held by the Ministry of Finance Incorporated. 

The company will modernise transmission evacuation, starting from the most critical axis within Nigeria’s power system. The Benin-Lagos transmission corridor evacuates bulk power supply to Ogun and Lagos states, Nigeria’s largest industrial and commercial centres.

The pilot phase will focus on optimising power output from the Omotosho, Olorunsogo and Ihovbor National Integrated Power Plants (NIPP plants). Omotoso’s installed capacity is 513MW, Olorunsogo's 754 MW, and Ihovbor's 508 MW. 

GAMCO projects to recover at least 1,600 MW within 18-24 months, alongside the development of a new high-capacity 330V+ double-circuit transmission line along the same corridor. 

The success of the new company during the pilot phase will lead to the establishment of a scalable model that can be extended across additional plants and corridors, forming the backbone of long-term grid stabilisation and expansion.

At present, substantial Federal Government investment in NIPP generation assets remains under-optimised due to operational inefficiencies and transmission evacuation bottlenecks, resulting in stranded capacity and suboptimal return on public capital.  

GAMCO plans to unlock the stranded power of the three selected NIPP and develop a parallel high-capacity transmission corridor along the Benin-Lagos axis, thus translating underperforming national assets into reliably delivered megawatts.

As proposed, the Niger Delta Power Holding Company will grant GAMCO the concession and lease arrangements for the three plants. TCN will grant GAMCO the right to develop, finance, and operate a greenfield 330KV+ double-circuit independent power transmission line along the identified corridor. 

The ultimate aim of the initiative is to enhance industrial productivity, safeguard jobs, improve investor confidence, and boost welfare outcomes for Nigerian households, aligning with the Renewed Hope Agenda of the Tinubu administration.

Bayo Onanuga
Special Adviser to the President
(Information and Strategy)
March 6, 2026

[Bankole Cardoso @BankyC]

@Casemiro @ManUtd LEGEND

[Julien Laurens @LaurensJulien]

Nigeria 1994-1995 home shirt 🇳🇬
Such an iconic and beautiful kit 🦅
It is available on the @classicshirts website and in the shop! ❤️

[Daddy D.O🇳🇬 @DOlusegun]

BREAKING: NIGERIAN MEDICAL TOURISM SPENDING CRASHES BY 96% IN 2025 – CBN

In alignment with H.E. President Bola Ahmed Tinubu's National Health Sector Renewal Investment Initiative, the active enablement of the private sector alongside significant investments in public health infrastructure and upskilling manpower has led to 96% reduction in foreign exchange expended on outgoing medical tourism.

- REVERSING Medical Tourism: Diaspora Nigerians as well as non-Nigerians abroad are increasingly coming to Nigeria for both routine and complex medical treatments and surgeries, thus enhancing foreign exchange supply to other critical sectors/areas.

- Doctors working in Nigeria are getting better paying jobs and opportunities to work with modern medical tools because of the influx of medical tourists from wealthier foreign jurisdictions who seek more affordable, timely, and accessible care with world-leading Nigerian medical practitioners across all specialized fields of medical practice.

- In addition to the Tinubu administration's vast Medicare Subsidy programme for vulnerable Nigerians and the historic rate of health insurance enrollment locally since 2023, some Nigerian hospitals are partnering with global health-focused NGOs to attract grants to further subsidize medical services for some low-income earners that qualify for available limited spaces.

[Olayemi Cardoso @olayemicardoso1]

2025 marked a defining phase in Nigeria’s economic reset. For the CBN, it required difficult choices, disciplined execution, and an unwavering focus on restoring confidence. Across monetary policy, financial markets, and institutional reform, our priorities were consistent and deliberate: stability, transparency, and growth anchored on sound fundamentals.

What began as a necessary policy reset in 2024 evolved into a year of consolidation and resolve in 2025. Policies were sustained, credibility was reinforced, and confidence began to translate into measurable stability. Progress was driven by clearer rules, firmer implementation, and the determination to see reforms through.

That same discipline shaped our external engagement throughout the year, strengthening confidence in Nigeria’s markets, expanding financial partnerships, and positioning the country more securely within the global financial system.

[Central Bank of Nigeria @cenbank]

U.S.-Nigeria Executive Business Roundtable.

Moments from the U.S. - Nigeria Executive Business Roundtable in Washington, D.C., where the Governor of the Central Bank of Nigeria, Mr. Olayemi Cardoso, met with senior business leaders, and global investors to outline Nigeria’s disciplined economic reset and its drive toward a more predictable, transparent, and investment-ready economy.

At a moment when global capital is increasingly cautious, seeking certainty amid shifting trade dynamics, Governor Cardoso reaffirmed Nigeria’s commitment to rules-based policies, transparent markets, and credible institutional frameworks. He highlighted progress in foreign-exchange reform, orthodox monetary policy, banking-sector reform, and payments modernisation as critical to restoring confidence and enabling sustained, private-sector-led growth.

Convened by the U.S. Chamber of Commerce’s U.S.–Africa Business Center on Monday, December 15, the roundtable provided a focused platform for dialogue on macroeconomic stabilisation, regulatory clarity, and opportunities to scale bankable projects across priority sectors, reinforcing a deeper phase of U.S.–Nigeria commercial engagement.

As Kendra Gaither, President of the U.S.-Africa Business Center at the U.S. Chamber of Commerce, noted: “What investors are responding to today is clarity, clear rules, credible reforms, and a seriousness of purpose. Nigeria’s message is increasingly one of discipline and opportunity, and that matters in a global economy seeking actively for stability and predictability.”

#CBN

[Bankole Cardoso @BankyC]

@Matt_Pinner Been to 24. Yet to go to these 6- Petra, Angkor Wat, Stonehenge, Sydney Opera House, Grand Canyon and Versailles Palace.

[Presidency Nigeria @NGRPresident]

VICE PRESIDENT SHETTIMA: NIGERIA SET TO EMERGE AS AFRICA'S CLEAN ENERGY LEADER WITH $410 BILLION PLAN

Vice President Kashim Shettima @officialSKSM has announced that Nigeria's energy transition plan under President Bola Ahmed Tinubu is unlocking an investment pipeline of over $410 billion between now and 2060, aimed at positioning Nigeria as Africa's leading hub for renewable energy.

Speaking at the inaugural Nigerian Renewable Energy Innovation Forum (NREIF) 2025 in Abuja, Shettima said the administration is committed to leveraging the country's vast clean energy potential to drive industrial growth and sustainable development.

He noted that about $23 billion will be required in the short term to expand energy access and connect millions of Nigerians who still live in energy poverty.

#RenewedHope #RenewableNigeria

[Bankole Cardoso @BankyC]

10 years ago, a single act of courage by my mum, Dr. Ameyo Stella Adadevoh sparked a movement.

Since then, @drasatrust has:
💪🏾 Built 97,000+ Health Champions
🏥 Trained 16,000+ health workers
🚧 Secured 13 borders (land, sea & air)
📜 Supported 20+ govt health policies
👏🏾👏🏾👏🏾👏🏾

[DRASA (Dr. Ameyo Stella Adadevoh) Health Trust @drasatrust]

A Decade of Championing Health and Promoting Infection Prevention.

Thank you to everyone who celebrated this milestone with us. Your presence online and in person is a testament to the support that has fueled the impact that we have achieved over the last decade.

Just like our Managing Director, @NiniolaWilliams , said, our vision for the next decade is simple: resilient clinics, reliable protocols, and empowered communities.

[Bankole Cardoso @BankyC]

Too many fundraises, not enough returns: A story of African tech https://t.co/Fte0YZaDcw

[Bankole Cardoso @BankyC]

@PoojaMedia It’s way easier to score these days.. High lines everywhere and VAR handing out pens like candy 😂

[Bankole Cardoso @BankyC]

I am speaking at Moonshot by TechCabal. Please check out my talk if you're attending the event! #Moonshotbytechcabal - via #Whova event app

[Esohe Igbinoba @queenesohe]

Join our panel: "A Pan-African View of Tech Returns and Exits" & gain insights from industry experts!

Honoured to be speaking alongside:

- Sadaharu Saiki (Founder & GP, Sunny Side Ventures)
- Bankole Cardoso (MD, Delta 40)
- Gbite Oduneye (Founder, ODB)
#MoonshotbyTechCabal

[Central Bank of Nigeria @cenbank]

Central Bank of Nigeria (CBN) Governor, OlayemiCardoso, in a conversation with Hélène Rey, Lord Bagri Professor of Economics at London Business School, on Friday, October 10, 2025, reaffirmed the Bank’s commitment to orthodox monetary policy aimed at achieving single-digit inflation in the medium term. #Cardoso #LBS #LondonBusinessSchool

[Bankole Cardoso @BankyC]

@folasanwo 🤣🤣🤣triple cute

[Gbénró Adégbolá ن @GbenroAdegbola]

Why would a man dead since 1946 be recipient of a state pardon?

That’s a puzzle which the list of the recent beneficiaries of presidential prerogative of mercy, raises.

It has the name of the nationalist, Hebert Macaulay, famed as the ultimate godfather of Lagos politics on it.