The 36 state governors under the auspices of the Nigerian Governors Forum (NGF) on Wednesday commended the successful implementation of policies initiated by the Central Bank of Nigeria (CBN) aimed at restoring price stability and strengthening confidence in the economy.
The Forum’s position was contained in the statement issued and signed by the Chairman of the NGF, Governor AbdulRahman Abdelrasaq, at the end of the fifth meeting of the Forum.
Speaking on behalf of the NGF Chairman, Governor Babajide Sanwo-Olu explained that the governors deliberated on issues affecting the country.
According to him, 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 report highlighted recent policy measures, including tightening monetary policy, unifying exchange rate windows and recapitalizing banks, to curb inflation, improve liquidity management and consolidate macroeconomic stability.
“The governors commended the CBN’s coordinated approach with fiscal authorities and underscored the importance of sustained collaboration to safeguard state fiscal growth and sustainability.”
Also at the meeting, which was attended by some Governors and Deputy Governors, the Forum expressed its enthusiasm over the successes recorded in the fight against terrorism and the innumerable security challenges bedeviling the country.
According to Governor Sanwo-Olu, “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-based strategies to strengthen sub-national coordination.
“The briefing focused on countering violent extremism, managing tensions between communities and addressing security risks linked to economic hardship and political transition.
“The governors expressed their gratitude 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 in all states.”
Giving an update on the ongoing constitutional review, he revealed that the Reserved Seats for Women Bill (HB 1349) will be voted on between November 4 and 6, 2025.
“The bill seeks to amend the 1999 Constitution to create special electoral districts contested exclusively by women in the National and State Assemblies as a temporary measure to improve gender representation.
“Governors were urged to engage their senators, members of the House of Representatives and state assemblies to support the passage of the bill and affirm Nigeria’s commitment to equity and inclusive governance.”