Get Paid to Read News Everyday!

Sign up below...

Whatsapp Channel

Nigeria Offers to Host African Central Bank, President Tinubu Announces at AU Summit

African Union to Establish African Central Bank in Nigeria

In a landmark announcement at the 37th Ordinary Session of the Assembly of Heads of State and Government of the African Union (AU), President Bola Tinubu declared Nigeria’s readiness to host the African Central Bank, aligning with the vision outlined in the Abuja Treaty.

Speaking in Addis Ababa, Ethiopia, President Tinubu pledged his administration’s commitment to collaborating with the African Union Commission and member states to ensure the bank’s establishment by 2028.

President Tinubu emphasized Africa’s collective resolve in addressing challenges, underscoring the need for solidarity to overcome obstacles such as climate change and unfair global trade practices.

He cautioned against internal challenges like coup-driven autocracies, urging a united front for democratic governance and economic development.

Addressing recent military takeovers in several African nations, President Tinubu stressed the importance of maintaining regional cooperation despite disagreements over governance changes. He emphasized the enduring bonds of history, culture, and commerce within the West African region.

With education as the summit’s theme, President Tinubu highlighted its pivotal role in fostering solutions to longstanding continental issues.

He emphasized the need for a holistic approach to education, encompassing not only science and technology but also democratic values, diplomacy, and conflict resolution.

President Tinubu seized the opportunity to extend an invitation to the Africa Counter-Terrorism Summit scheduled for April 2024 in Abuja. The summit aims to address the root causes of violent extremism, including poverty and political exclusion.

The announcement, made by Chief Ajuri Ngelale, Special Adviser to the President on Media and Publicity, signals Nigeria’s commitment to advancing regional integration and addressing pressing continental challenges.

This Article is Fact-Checked. See Policy.
Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Related Posts