Senator Ndume Challenges CBN’s Relocation Plans, Advocates for Monetary Stability
Chief Whip of the Senate, Mohammed Ndume, has reiterated his opposition to the Central Bank of Nigeria’s (CBN) plans to relocate some departments to Lagos, emphasizing the need for the institution to prioritize monetary stability and address inflation concerns.
Ndume defended his stance, asserting that his criticism was grounded in reality and the perceived irrelevance of the proposed relocation. Despite facing backlash and personal attacks in the media, including questioning the credentials of his daughter, who works at CBN, Ndume remained resolute in his position.
Addressing the controversy surrounding his intervention, Ndume clarified that his critique aimed to assist President Bola Tinubu’s administration by highlighting potential shortcomings in government decisions. He refuted accusations of harboring animosity towards the Yoruba people, citing his familial ties and marriages between his daughters and Yoruba men.
Ndume emphasized the urgency for CBN Governor to address pressing economic challenges, such as the depreciating exchange rate and escalating inflation rates, instead of focusing on relocating departments to an already congested Lagos.
Furthermore, Ndume dismissed claims of representing specific regional interests, asserting his role as a senator advocating for the collective welfare of Nigerians. He reaffirmed his commitment to speaking truthfully and constructively, irrespective of personal attacks or misinterpretations.
In conclusion, Senator Ndume reiterated his dedication to serving the nation’s interests and promoting dialogue on critical issues affecting Nigeria’s economic stability and development.