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Shortchanging the North: 1,500 CBN Staff to Resume Duty at Lagos Office on Friday

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CBN Governor Cardoso

At least 1,500 members of staff of the Central Bank of Nigeria will on Friday resume at its Lagos office following their redeployment from the headquarters, it was was learned.

A source at the apex bank told our correspondent exclusively that the plan, though heavily criticised, was still in motion, and affected staffers would be resuming on Friday.

Yes, the plan is still on and they will resume work by February 2, which is the first week of next month,” an official said.

The latest development comes on the backdrop of the decision of the new management to relocate some of CBN’s departments to the country’s economic hub for staff safety, increased productivity, and to decongest its head office.

CBN said the action was necessitated by several factors, including the need to align the bank’s structure with its functions and objectives and redistribute skills to ensure a more even geographical spread of talent.

It added that it was also in compliance with building regulations, as indicated by repeated warnings from the facility manager, and the findings and recommendations of the Committee on Decongestion of the CBN Head Office.

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A memo issued to staff read, “This is to notify all staff members at the CBN Head Office that we have initiated a decongestion action plan designed to optimise the operational environment of the Bank.

Although the Northern Elders Forum and some other Northern groups had condemned the move, our correspondent gathered that the CBN governor was committed to implementing it, as it is expected to reduce the  HQ occupancy level to 2,733 personnel from 4,233.

Another source told the said that some of the affected staffers had started relocating to Lagos.

“Some have already gone ahead. Over 80 per cent of the Banking Supervision Department staff have been redeployed and the same for the Payment System Department,” the source hinted.

The NEF had, in a statement, expressed worry over the potential negative impact of relocating those essential departments on both the institution itself and the country as a whole.

The movement would involve increased costs, loss of talent, disruption in operations, reduced coordination, regional economic disparities, impaired economic development in Northern Nigeria, and decreased investor confidence in the nation’s economy.

Therefore, relocating them entirely to Lagos will only serve to further strengthen the already dominant position of Lagos, while potentially weakening the significance and role of Abuja,” it claimed.

More so, the Chief Whip of the Senate, Senator Ali Ndume, warned that there would be “political consequences” if the plan to relocate some departments of CBN as well as the corporate headquarters of Federal Airports Authority of Nigeria to Lagos were implemented.

He said, “Those misleading the President are not doing him any good because this is going to have some political consequences. If Tinubu were not elected president, the CBN governor would not be there. It was not Lagos votes that put Tinubu there.”

Northern senators and youths also expressed displeasure over the move, which they claimed was a calculated move to short-change the North.

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Arewa Youths Merger Group APC Raises Alarm Over Kachalla Maha,Seeks Barracks In Kano

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Coordinator, Comrade Musa Mujahid Zaitawa, has lodged a formal complaint with Nigeria’s Minister of Defence, Christopher Musa, requesting the urgent establishment of a military barracks in Northern Kano, particularly in communities along the Kano-Katsina border.

This was contained in a statement signed by the National Coordinator and issued to the press.

Comrade Zaitawa said the request follows publicized security threats in the area, including threats attributed to a notorious bandit leader, Kachalla Maha, who was reported to have threatened to infiltrate parts of Kano State.

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“Establishing a forward military base in this corridor will strengthen the efforts of President Bola Ahmed Tinubu and our security agencies to deter criminal activity, improve response time, and protect farming communities and travelers,” Comrade Zaitawa said.

The group also expressed concern about the political environment ahead of the 2027 elections. In the statement, the group said it has observed activities that it believes could undermine peaceful elections in Kano if not addressed. It called on the Presidency, the Office of the National Security Adviser, the National Assembly, and security agencies to ensure that all political actors and security personnel operate within the law and remain neutral.

The Arewa Youths Merger Group further noted an incident involving the arrest of its spokesperson, Mustapha Dan Muhammad, by security operatives. The group called for due process and respect for the rights of citizens and civic groups.

The group reaffirmed its commitment to supporting peace and democracy. It said it is engaged in voter education, campaigns against thuggery and drug abuse, and youth empowerment through skills training in Kano.

“We support the federal and Kano State governments in their efforts to secure the state. We urge all stakeholders to ensure a level playing field and a peaceful electoral process in 2027,” the statement added.

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Okonjo-Iweala to Tinubu: Borrow Cautiously, Reforms Should Create Jobs for Nigerians

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By Yusuf Danjuma Yunusa

The director-general of the World Trade Organisation, Ngozi Okonjo-Iweala, has urged the Nigerian government to be careful about borrowing and managing the country’s debt, saying economic reforms must improve the lives of ordinary Nigerians.

She also called on the government to sustain ongoing reforms while creating more jobs and economic opportunities for the country’s growing youth population.

Mrs Okonjo-Iweala spoke on Wednesday at the seventh Africa Emerging Markets Forum in Abuja.

Commending the Central Bank of Nigeria for its monetary and foreign exchange reforms, Ms Okonjo-Iweala urged Nigeria to continue broader economic reforms while remaining disciplined in managing its finances.

“Nigeria needs to continue the work on overall macroeconomic reforms with a careful approach to fiscal issues, contracting of debt and debt management,” the WTO chief stated.

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According to the latest data from the Debt Management Office, Nigeria’s total public debt stood at N159.28 trillion at the end of December 2025, rising by N14.61 trillion, or 10.10 per cent, from N144.67 trillion recorded at the end of 2024. The figure covers the debt owed by the federal government, the 36 states and the Federal Capital Territory. The government is also expected to continue borrowing this year to finance its 2026 budget deficit.

Mrs Okonjo-Iweala said the success of Nigeria’s reforms should not be measured only by improvements in economic indicators. Instead, she said Nigerians must begin to experience better living conditions through more jobs and opportunities.

“Above all, Nigeria needs to focus on creating jobs and economic opportunities for a young and hungry population. Nigerians have to feel the dividends of reform in the real economy,” noted the WTO chief.

Nigeria has one of the world’s youngest populations, with millions of young people joining the labour market every year. However, many struggle to find decent jobs, making employment one of the biggest economic challenges in the country.

Since President Bola Tinubu assumed office in May 2023, his administration has introduced major reforms, including the removal of petrol subsidy and the liberalisation of the foreign exchange market.

The policies have pushed up the cost of living, with many Nigerians facing higher prices for food, transport and other essentials. Although inflation has slowed in recent months, prices remain high.

The National Bureau of Statistics said Nigeria’s headline inflation rate eased slightly to 15.91 per cent in June 2026 from 15.93 per cent in May. Food inflation, however, increased to 17.52 per cent, showing that many households are still paying more for basic food items.

For opportunities, Ms Okonjo-Iweala said countries that maintain stable economic policies and improve their business environment will be better placed to benefit from changes in global trade.

She noted that companies are increasingly looking for new places to invest and diversify their supply chains, creating opportunities for countries that can offer stability and predictable policies and urged Nigeria to continue strengthening its economy so it can attract long-term investment and create more jobs for its people.

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U.S. Discontinues Routine Visa Services in Abuja, 24 Other African Cities

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By Yusuf Danjuma Yunusa

The U.S. government says routine visa services in Abuja and 24 other African cities will end on August 1.

“Effective August 1, 2026, the Department of State will realign routine visa services in Antananarivo, Abuja, Asmara, Bamako, Banjul, Brazzaville, Bujumbura, Conakry, Cotonou, Durban, Freetown, Gaborone, Harare, Juba, Libreville, Lilongwe, Lusaka, Maputo, Maseru, Mbabane, N’Djamena, Niamey, Nouakchott, Ouagadougou, and Windhoek to a regional visa hub,” the agency stated.

It noted that citizens and residents of the affected countries who wish to apply for a visa on or after August 1, 2026, must schedule an appointment and pay the required visa fee at the appropriate designated non-immigrant visa locations or designated immigrant visa locations.

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From August 1, Nigerians who want to process a U.S. visa would have to travel to the U.S. consulate in Lagos.

According to a statement on July 23 by the agency, the move is “realigning visa operations in Africa to regional hubs, part of a long-standing Department practice that strengthens national security by promoting more uniform screening, vetting, and adjudication standards, as well as improves efficiency”.

Last June, reports had it that Abuja was missing from President Donald Trump administration’s shortlist of 20 African cities where foreigners seeking to travel to the U.S. can process visa applications.

The U.S. currently has around 50 embassies and consulates across Africa that process visa applications, but the new move by the State Department will slash that number to 20 amid Mr Trump’s crackdown on immigration.

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