NGF backs CBN’s measures to curb inflation, strengthen economic confidence
The Nigeria Governors’ Forum (NGF) has commended the Central Bank of Nigeria’s (CBN) ongoing policy measures aimed at restoring price stability, strengthening the naira, and rebuilding public confidence in the economy.
In a communiqué issued at the end of its fifth meeting held on Thursday and signed by AbdulRahman AbdulRazaq, the Forum’s chairman, and Governor of Kwara State, the governors acknowledged the CBN’s efforts to stabilise the economy through tighter monetary policies, exchange rate unification, and recapitalisation of banks.
According to the statement, the CBN Governor, represented at the meeting by Muhammad Sani Abdullahi, Deputy Governor (Economic Policy), briefed the Forum on the Bank’s ongoing stabilisation drive designed to curb inflation, enhance liquidity management, and consolidate macroeconomic gains.
The Forum commended the apex bank for its coordinated approach with fiscal authorities, noting that such synergy is crucial to sustaining economic recovery and ensuring state-level fiscal sustainability.
“The Governors underscored the importance of continued collaboration between monetary and fiscal authorities to safeguard growth, protect livelihoods, and maintain confidence in Nigeria’s financial system,” the communiqué stated.
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Beyond economic issues, the Forum also received a security briefing from Adeola Oluwatosin Ajayi, Director-General of the Department of State Services (DSS), on emerging threats and intelligence-led strategies to strengthen subnational coordination.
In addition, the NGF discussed the forthcoming vote on the Reserved Seats for Women Bill (HB 1349), urging state leaders to engage their legislators in support of the constitutional amendment to enhance gender representation in governance.
The meeting reaffirmed the governors’ collective commitment to promoting economic stability, security, and inclusive governance across Nigeria.
