The Nigeria Governors’ Forum (NGF) has commended the Central Bank of Nigeria (CBN) for its ongoing policy interventions aimed at restoring price stability and rebuilding investor confidence in the Nigerian economy.
The commendation was contained in a communiqué issued at the end of the Forum’s fifth meeting, held in Abuja, and signed by its Chairman, Governor AbdulRahman AbdulRazaq of Kwara State.
According to the communiqué, the governors received a detailed briefing from the CBN Deputy Governor in charge of Economic Policy, Dr Muhammad Sani Abdullahi, on recent monetary policy measures designed to strengthen macroeconomic stability.
Dr Abdullahi highlighted key initiatives, including the tightening of monetary policy to combat inflation, the unification of exchange rate windows, and the ongoing recapitalisation of banks to improve liquidity management and financial sector resilience.
Following the presentation, the governors commended the CBN for its coordinated approach with fiscal authorities, stressing that such synergy was essential to achieving sustainable growth and ensuring state-level fiscal sustainability.
‘The Forum underscored the importance of continuous collaboration between monetary and fiscal authorities to safeguard economic recovery, strengthen the financial system, and enhance citizens’ welfare,’ the communiqué stated.
In addition to economic discussions, the NGF also received a comprehensive security briefing from the Director-General of the Department of State Services (DSS), Mr Adeola Oluwatosin Ajayi, focusing on emerging threats and proactive strategies to address them.
Mr Ajayi’s presentation centred on countering violent extremism, managing inter-communal conflicts, and tackling security challenges linked to economic pressures and political transitions.
The governors expressed appreciation to the DSS for its proactive intelligence sharing and reaffirmed their commitment to enhancing collaboration with federal security agencies to promote peace and stability across the states.
‘The Forum commended the DSS for its intelligence-led initiatives and pledged to strengthen coordination at the subnational level to prevent threats and foster a secure environment for economic growth,’ the statement added.
The meeting also deliberated on legislative developments, particularly the forthcoming vote on the Reserved Seats for Women Bill (HB 1349), scheduled between November 4 and 6, 2025.
The proposed constitutional amendment seeks to create special constituencies exclusively contested by women in the National and State Assemblies as a temporary measure to boost female political representation.
The Forum urged governors to engage actively with their senators, members of the House of Representatives, and state assembly lawmakers to support the passage of the bill, describing it as a milestone toward gender equity and inclusive governance.
‘The NGF recognises that greater inclusion of women in governance strengthens democracy and improves policy outcomes,’ the communiqué noted.
With key discussions spanning monetary policy, security coordination, and legislative advocacy, the governors reaffirmed their collective commitment to fostering economic resilience, good governance, and national stability.