Governors of the 36 states of the federation have expressed their support for ongoing efforts by the Federal Government, through the Central Bank of Nigeria (CBN), to restore price stability and strengthen confidence in the nation’s economy.
The governors made this known after a briefing on the issue by the Deputy Governor (Economic Policy) of the CBN, Dr. Muhammad Sani Abdullahi, who represented the CBN Governor, Olayemi Cardoso at the fifth meeting of the Nigeria Governors’ Forum (NGF) held in Abuja on Thursday night.
The governors, in a communiqué signed by the NGF Chairman and Governor of Kwara State, AbdulRahman AbdulRazaq, commended the leadership of the Department of State Services (DSS) for its proactive engagement with the sub-national authorities.
They assured of their commitment to deepen intelligence sharing and collaboration with federal security agencies to enhance peace and stability across the states.
The communiqué reads: “We, members of the Nigeria Governors’ Forum (NGF), at our meeting held today, deliberated on issues affecting the country.
“The forum received a presentation from the Governor of the Central Bank of Nigeria, represented by the Deputy Governor (Economic Policy) Dr. Muhammad Sani Abdullahi, on the bank’s ongoing stabilization efforts to restore price stability and strengthen confidence in the economy.
“The briefing highlighted recent policy measures, including the tightening of monetary policy, unification of exchange rate windows, and recapitalisation of banks, to curb inflation, enhance liquidity management, and consolidate macroeconomic stability.
“Governors commended the CBN’s coordinated approach with fiscal authorities and underscored the importance of sustained collaboration to safeguard growth and state fiscal sustainability.
“The forum received a presentation from the Director-General of the Department of State Services (DSS), Mr. Adeola Oluwatosin Ajayi on emerging security threats and intelligence-led strategies to strengthen subnational coordination.
“The briefing focused on countering violent extremism, managing inter-communal tensions, and addressing security risks linked to economic hardship and political transition.
“Governors expressed appreciation to the DSS for its proactive engagement and reiterated their commitment to deepen intelligence sharing and collaboration with federal security agencies to enhance peace and stability across the states.
“The forum noted that the Reserved Seats for Women Bill (HB1349) will be voted on between November 4–6, 2025.
“The Bill seeks to amend the 1999 Constitution to create special constituencies exclusively contested by women in the National and State Assemblies as a temporary measure to enhance gender representation.
“Governors were urged to engage their Senators, Members of the House of Representatives, and State Assemblies to support the Bill’s passage and affirm Nigeria’s commitment to equity and inclusive governance.”
According to the communiqué issued at the end of the meeting by the CBN, the Deputy Governor (Economic Policy), Dr. Muhammad Sani Abdullahi briefed the governors on key monetary policy initiatives currently being implemented by the apex bank to sustain macroeconomic stability.
He explained that the CBN had continued to tighten monetary policy in response to inflationary pressures, while also pursuing exchange rate unification and bank recapitalisation to consolidate financial sector resilience.
The Deputy Governor stated that these measures are designed to ensure a stable macroeconomic environment, enhance liquidity management, and support the productive sectors of the economy.
He noted that the CBN’s approach has been anchored on close coordination with fiscal authorities, aimed at harmonising monetary and fiscal strategies for sustained economic growth.
WARNING: If You Are Not 18+, Don’t Click The Link Below 👇🫣
https://rayvirtual.com/m3e85u39j?key=f0014e9d9438d5115e4d66e73ca3f04b
Please don’t forget to “Allow the notification” so you will be the first to get our gist when we publish it.
Drop your comment in the section below, and don’t forget to share the post.
Never Miss A Single News Or Gist, Kindly Join Us On WhatsApp Channel:
https://whatsapp.com/channel/0029Vad8g81Eawdsio6INn3B
Telegram Channel:
https://t.me/gistsmateNG
