Governors Hail CBN’s Economic Stabilisation Efforts, Call for Stronger Fiscal Coordination
By Barbara Bako, Abuja
The Nigeria Governors’ Forum (NGF) has commended the Central Bank of Nigeria (CBN) for its ongoing efforts to stabilise the economy, restore price stability, and strengthen public confidence amid current fiscal challenges.
In a communiqué issued at the end of its fifth meeting recently held in Abuja, the Forum said the presentation by the CBN, represented by its Deputy Governor (Economic Policy), Dr. Muhammad Sani Abdullahi, outlined key measures designed to restore macroeconomic stability.
According to the communiqué, the apex bank’s current policies including monetary policy tightening, exchange rate unification, and bank recapitalisation are aimed at curbing inflation, improving liquidity management, and consolidating economic recovery.
Governors at the meeting, chaired by NGF Chairman and Kwara State Governor, AbdulRahman AbdulRazaq, lauded the CBN’s coordinated approach with fiscal authorities and emphasised the need for continued collaboration between monetary and fiscal policymakers to safeguard growth and ensure fiscal sustainability at the subnational level.
The Forum also received a security briefing from the Director-General of the Department of State Services (DSS), Mr. Adeola Oluwatosin Ajayi, on emerging threats and intelligence-led strategies to strengthen coordination across the states.
The governors pledged to deepen cooperation with security agencies to enhance peace and stability nationwide.
In addition, the NGF noted that the Reserved Seats for Women Bill (HB 1349), which seeks to amend the 1999 Constitution to create special constituencies for women in the National and State Assemblies, will be voted on between November 4 and 6, 2025.
Governors were urged to engage their legislators in support of the Bill to advance gender inclusion in governance.
