Governors Commend CBN’s Monetary Policy, Cooperation With Fiscal Authorities

The Nigeria Governors’ Forum ( NGF) has applauded the Central Bank of Nigeria (CBN) on its monetary policy direction and cooperation with fiscal authorities.

The governors believed that the development underscores the importance of sustained collaboration to safeguard growth and state fiscal sustainability.

The governors, in a communique at the end of their 5th meeting held in Abuja, also gave a thumbs up to the Department of State Security (DSS) for its proactive engagement and reiterated their commitment to deepen intelligence sharing and collaboration with federal security agencies to enhance peace and stability across the states.

In a statement signed by the Chairman of the Forum and Kwara State Governor, Alhaji AbdulRahman AbdulRazaq said it received a presentation from the CBN Governor, 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.

According to the statement, “The briefing highlighted recent policy measures, including the tightening of monetary policy, unification of exchange rate windows, and recapitalisation of banks, to curb inflation, enhance liquidity management, and consolidate macroeconomic stability.

” Governors commended the CBN’s coordinated approach with fiscal authorities and underscored the importance of sustained collaboration to safeguard growth and state fiscal sustainability.

“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-led strategies to strengthen subnational coordination.

“The briefing focused on countering violent extremism, managing inter-communal tensions, and addressing security risks linked to economic hardship and political transition.

“Governors expressed appreciation 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 across the states”, the statement added.

The Forum also noted that the Reserved Seats for Women Bill (HB 1349) will be voted on between November 4–6, 2025, adding that “The Bill seeks to amend the 1999 Constitution to create special constituencies exclusively contested by women in the National and State Assemblies as a temporary measure to enhance gender representation.

Governors were urged to engage their Senators, Members of the House of Representatives, and State Assemblies”.