Tinubu Declares Nigeria’s Readiness to Host African Central Bank

President Bola Tinubu announced Nigeria’s readiness to host the African Central Bank during the 37th Ordinary Session of the African Union Assembly in Addis Ababa, Ethiopia.

Tinubu made this declaration at the 37th Ordinary Session of the Assembly of Heads of State and Government of the African Union, AU, in Addis Ababa, Ethiopia, on Saturday.

He stated that his administration would engage the African Union Commission in collaboration with member states to ensure that the bank takes off as scheduled in 2028.

He emphasized that Africa’s ability to overcome its challenges relies on the strength of its resolve, grounded in a steadfast foundation of solidarity, to prevent the perpetuation of current issues and the emergence of new ones

“As a continent and as individual nations, we face strong headwinds and difficult hurdles threatening to complicate our mission to bring qualitative democratic governance and economic development to our people.

“Many of these obstacles, such as climate change and unfair patterns of global trade, are largely not of our making.

“However, some of the pitfalls, including coup-birthed autocracies and the deleterious tinkering with constitutional tenure provisions, are developmental cancers we as Africans are giving to ourselves,” he stated

Speaking about the military takeovers in Guinea, Burkina Faso, Mali, and Niger, and the departure of three of these nations from ECOWAS, the President stressed that disputes over unconstitutional changes of government should not lead to a permanent breakdown of regional unity and cooperation.

“The drive for a peaceful, strong, and united West Africa is bigger than any one person or group of people. The bonds of history, culture, commerce, geography, and brotherhood hold deep meaning for our people,” he added

Kanyi Daily recalls that Bola Tinubu had declared his opposition to approving the importation of food or establishing a price control board.