Nigeria is ready to host African Central Bank in 2028 – Tinubu

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In line with the goals of the Abuja Treaty, President Bola Tinubu claims that Nigeria is prepared to welcome the African Central Bank.

In a statement issued by his Special Adviser on Media and Publicity, Ajuri Ngelale, he confirmed that “his administration will engage the African Union Commission in collaboration with member states to ensure that the bank takes off as scheduled in 2028.”

“President Tinubu to AU leaders: Nigeria ready to host African Central Bank; prepare the youth for the 21st-century economy” is the title of the statement.

At the 37th Ordinary Session of the Assembly of Heads of State and Government of the African Union in Addis Ababa, Ethiopia, on Saturday, Tinubu delivered these statements to a gathering of leaders.

The President stated that in order for Africa to prevent the recurrence of current issues and the emergence of new ones, the continent must resolve its differences with a resolute and deeply ingrained sense of solidarity.

“As a continent and as individual states, we confront formidable obstacles and challenging headwinds that pose a danger to our purpose of providing our people with high-quality democratic government and economic prosperity.

“A vast number of these challenges, such unfair global trade patterns and climate change, are mostly not our fault.

However, Tinubu said, “Some of the pitfalls are developmental cancers we as Africans are giving to ourselves. These include coup-spawned autocracies and the deleterious tinkering with constitutional tenure provisions.”

Referencing the military coups in the Republics of Guinea, Burkina Faso, Mali, and Niger as well as the expulsion of three of these countries from the Economic Community of West African States (ECOWAS), Tinubu contended that differences over unlawful political transitions shouldn’t result in a permanent severing of ties that bind the region together.

“The goal of a united, powerful, and peaceful West Africa transcends the actions of any one individual or organization. For our people, the ties forged by history, culture, commerce, geography, and fraternity are very significant.

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