The Nigerian Governors Forum (NGF) has commended the Central Bank of Nigeria (CBN) for its continued policy interventions aimed at restoring price stability and rebuilding investor confidence in the Nigerian economy.
The praise was contained in a statement issued at the end of the fifth meeting of the Forum, held in Abuja, and signed by its chairman, Governor AbdulRahman AbdulRazaq of Kwara State.
According to the statement, the governors received a detailed briefing from the CBN Deputy Governor in charge of Economic Policy, Dr. Muhammad Sani Abdullahi, on the 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 recapitalization of banks to improve liquidity management and resilience of the financial sector.
After the presentation, the governors commended the CBN for its coordinated approach with the fiscal authorities, emphasizing that such synergy was essential to achieve sustainable growth and ensure fiscal sustainability at the state level.
“The Forum underlined the importance of continued collaboration between monetary and fiscal authorities to safeguard economic recovery, strengthen the financial system and improve the well-being of citizens,” the statement said.
Apart from the 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 focused on countering violent extremism, managing inter-community conflict and combating security challenges linked to economic pressures and political transitions.
The governors expressed their gratitude to the DSS for its proactive intelligence sharing and reaffirmed their commitment to enhance collaboration with federal security agencies to promote peace and stability in all states.
“The Forum commended the DSS for its intelligence-led initiatives and committed to strengthening coordination at the sub-national level to prevent threats and foster a secure environment for economic growth,” the statement added.
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The meeting also discussed legislative developments, particularly the upcoming vote on the Women’s Reserved Seats Bill (HB 1349), scheduled for November 4-6, 2025.
The proposed constitutional amendment seeks to create special electoral districts contested exclusively by women in the National and State Assemblies as a temporary measure to boost female political representation.
The Forum urged governors to actively engage with their senators, members of the House of Representatives and state assembly legislators to support the passage of the bill, describing it as a milestone towards gender equity and inclusive governance.
“The NGF recognizes that greater inclusion of women in governance strengthens democracy and improves policy outcomes,” the statement said.
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.