Tinubu Make Case for Nigeria to Become Headquarters of the Proposed African Central Bank

Tinubu Make Case for Nigeria to Become Headquarters of the Proposed African Central Bank
Bola Ahmed Tinubu, President of the Federal Republic of Nigeria
President of the Federal Republic of Nigeria, Bola Ahmed Tinubu, has made a case for the country to be Ime the headquarters of the proposed African Central Bank, proposed to take off in 2028.

President Tinubu stated this while addressing African leaders 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, President Tinubu said his administration will engage the African Union Commission in collaboration with member states to ensure that the bank takes off as scheduled in 2028

A statement released by the Special Adviser to the President on Media and Publicity, Chief Ajuri Ngelale, also stated that President Tinubu talked about the military coup in some West African countries, and education in Africa and used the platform to invite Heads of State to the Africa Counter-Terrorism Summit which will take place in Abuja in April 2024.

The statement read:

"Nigeria is ready to host the African Central Bank in line with the vision of the Abuja Treaty.

"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 on the military takeover in some parts of West Africa, President Tinubu said, "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. Thus, out of the dust and fog of misunderstanding and acrimony, we must seize the chance to create a new people-centric era of trust and accord.

"To all who care to listen, I declare that if you come to the table to discuss important matters in good faith, you will find Nigeria and ECOWAS already sitting there waiting to greet you as the brother that you are," President Tinubu said.

On education, he said, "In helping to achieve the Agenda 2063 objective of a peaceful, united, and prosperous Africa, I consider African education, not only in the narrow context of the benign use of science and technology to improve the material standards of our people, but also in the nuanced appreciation of the fact that Africa must also become better educated in the humane art of democratic practice, diplomacy, and conflict resolution without violence.

"This year’s theme encourages us to remodel our educational systems to fit these goals. In Nigeria, my administration is devoting ample resources to education at all levels. From redesigning our school feeding programs and academic curricula to making ourselves an Information and Communication Technology hub, through which we shall bring more youths into the classroom and furnish them with the tools required to flourish in the global economy of the 21st century.

Category: World-News
Tag: Tinubu Make Case for Nigeria to Become Headquarters of the Proposed African Central Bank
Written by Author (author)
Published 2/18/2024 12:36:34 AM

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