Governors’ Forum commends CBN’s coordinated approach with fiscal authorities

Mariam Abeeb

The members of the Nigeria Governors’ Forum (NGF) has commended the Central Bank Of Nigeria, CBN’s for the coordinated approach with fiscal authorities .

This was made known in a statement issued at the end of 5th meeting of the NGF held on Thursday, 23rd of October, 2025.

The statement which was signed by the Chairman, Nigeria Governors’ Forum and Governor of Kwara State, AbdulRahman AbdulRazaq also underscored the importance of sustained collaboration to safeguard growth and state fiscal sustainability.

He explained that the NGF received a presentation from the Governor of the Central Bank of Nigeria, 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.

He added that the briefed was on recent policy measures including the tightening of the monetary policy.

“The Forum received a presentation from the Governor of the Central Bank of Nigeria, 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.

“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.

According to him, 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.

He stated that the brief focused on countering violent extremism, managing inter-communal tensions, and addressing security risks linked to economic hardship and political transition.

The 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.