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Nigeria Poised to Host African Central Bank by 2028, Affirms President Bola Tinubu at African Union Summit

 

President Bola Tinubu of Nigeria declared Nigeria’s readiness to host the African Central Bank in adherence to the Abuja Treaty during his address 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 emphasized his administration’s commitment to collaborate with the African Union Commission and member states to ensure the timely establishment of the African Central Bank by the scheduled year 2028. The President underscored that Africa’s success in addressing challenges lies in resolute unity, cautioning against perpetuating existing problems and creating new ones.

“In confronting the hurdles threatening our mission for qualitative democratic governance and economic development, we must rely on deep-rooted solidarity and resolve as a continent,” President Tinubu asserted.

Addressing regional concerns, President Tinubu commented on military takeovers in Guinea, Burkina Faso, Mali, and Niger. He urged for continued regional cooperation despite disagreements, emphasizing the importance of a united West Africa. “The drive for a peaceful, strong, and united West Africa is bigger than any one person or group of people,” he stated.

President Tinubu also highlighted the significance of education, the theme of this year’s summit, in addressing Africa’s challenges. He stressed the need to remodel educational systems to foster creative solutions and achieve the Agenda 2063 objectives. The President outlined Nigeria’s commitment to education, citing initiatives such as school feeding programs, curriculum redesign, and efforts to position Nigeria as an Information and Communication Technology hub.

Furthermore, President Tinubu extended an invitation to the Africa Counter-Terrorism Summit scheduled for April 2024 in Abuja. The summit aims to comprehensively address the root causes of violent extremism, including poverty, inadequate political access, and the propagation of hateful ideologies.

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