Governors’ Forum Commends CBN For Cooperation With Fiscal Authorities

…Backs Special Seats Bill

The Nigeria Governor’s Forum ( NGF) has lauded the Central Bank of Nigeria (CBN) for its Monetary Policy direction and synergy with fiscal authorities. 

The Governors noted that the development signposts the significance of sustained collaboration to protect growth and state fiscal sustainability.

The Governors Forum in a communique at the end of their 5th meeting held in Abuja also applauded the Department of State Security (DISS) for its proactive engagement and restated 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, AbdulRahman AbdulRazaq the Governors said they 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.


The statement READ IN PART: “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 Apex Bank’s coordinated approach with fiscal authorities, arguing that it critical and necessary to sustained  growth and state fiscal sustainability.

The statement further said : “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.

The Governors Forum also noted that the Reserved Seats 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.

 The Governors were enjoined engage their Senators, Members of the House of Representatives, and State Assemblies” as it concerns the Special Seats Bill.

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