Skip to content
July 28, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • Business & Economy
  • Nigeria to host African Central Bank – Tinubu 
  • Business & Economy

Nigeria to host African Central Bank – Tinubu 

Admin February 17, 2024

President Tinubu and AfDB President Akiwunmi Adesina..

President Bola Tinubu says Nigeria is ready to host the African Central Bank in line with the vision of the Abuja Treaty.

He said this 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.

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

Tinubu said that Africa’s success in addressing its challenges hinges on the firmness of its resolution, built on a foundation of deep-rooted solidarity, if it is to avoid perpetuating existing problems and creating 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 on the military takeovers in the Republics of Guinea, Burkina Faso, Mali, and Niger, and the exit of three of these nations from ECOWAS, the President said disagreements over the unconstitutional changes of government should not mean a permanent rupture of the abiding lines of regional affinity 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.

“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,” he said.

On education, which is the theme of this year’s summit, the President said education is the core ingredient in the process of evolving creative solutions to the unique challenges long confronting the continent.

“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.

“In Nigeria, my administration is devoting ample resources to education at all levels. From redesigning our school feeding programmes 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,” he said.

The President used the occasion to extend invitation to the Africa Counter-Terrorism Summit scheduled to take place in April in Abuja.

He said that the summit aimed to expand discussions beyond military and law enforcement remedies to comprehensively tackle the root causes of violent extremism, such as poverty, inadequate political access, and the propagation of hateful ideologies.(NAN)

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: Abuja Treaty African Central Bank African Union Bola Tinubu

Post navigation

Previous Economy: Olayemi Cardoso’s Dilemma, By Tunde Rahman
Next Gotcha! Police nab fleeing female lawyer who allegedly abused househelp

Related Stories

Nigeria, AfDB back African mineral local value addition
  • Business & Economy

Nigeria, AfDB back African mineral local value addition

July 27, 2026
Nigeria’s $2bn renewable energy investment yields only 76,000 jobs, says REA, demands local capacity development
  • Business & Economy

Nigeria’s $2bn renewable energy investment yields only 76,000 jobs, says REA, demands local capacity development

July 25, 2026
NCC, REA sign MoU to expand telecoms, electricity access in rural communities Hackers
  • Business & Economy

NCC, REA sign MoU to expand telecoms, electricity access in rural communities

July 24, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

FG unveils unified government service portal
  • National News

FG unveils unified government service portal

July 28, 2026
Navy arrests vessel with 650 metric tonnes of stolen crude Naval rating arrested
  • National News

Navy arrests vessel with 650 metric tonnes of stolen crude

July 28, 2026
Woman in police net for cutting off boyfriend’s manhood in Kano Kano
  • National News

Woman in police net for cutting off boyfriend’s manhood in Kano

July 28, 2026
Reforms: Education Ministry Details N1 Trillion Tertiary Sector Overhaul
  • National News

Reforms: Education Ministry Details N1 Trillion Tertiary Sector Overhaul

July 28, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.