President Bola Ahmed Tinubu has called on governors to trust the ability of those in charge of the Central Bank of Nigeria, CBN, to solve the country’s financial issues.
Tinubu assured the governors that any appointee who failed to deliver would be changed
The president said this while providing an update on his meeting with the 36 state governors and Minister of the Federal Capital Territory.
Speaking on monetary policy and the Central Bank, the President wrote on X, “I urge all governors to trust the Central Bank of Nigeria with the management of our country’s monetary policy,” he said.
Tinubu said he also emphasized “the need for designated institutions to effectively fulfill their mandate.
“The ‘cacophony of postulations’ on the fluctuation of foreign exchange rates is adversely affecting the market. Not everyone can be an expert.
“If we have assigned someone a task, we must allow them to perform it. If they fail, then we must find a way to quickly remove them from the system.
“I also ask our governors to always prioritize the welfare and prosperity of our people in their development programs, and I assure them that the federal government will continue to work diligently to improve the nation’s revenue profile.
“As leaders, we must all work together to address issues of insecurity, food security, and out-of-school children.”
