Hon. Ogene Egoh, a prominent member of the ECOWAS parliament, recently discussed his thoughts on the proposed transfer of some Federal Airports Authority of Nigeria (FAAN) and Central Bank of Nigeria (CBN) units from Abuja to Lagos State in an interview that aired on Channels Television. CONTINUE FULL READING>>>>>
He questioned the rationale behind the resistance from certain quarters and emphasized the need for a pragmatic approach to address the practical constraints faced by the CBN office in Abuja. According to him, the current infrastructure in Abuja is not designed to accommodate more than 3000 people, and with an increasing workforce, the relocation of specific units becomes a viable and advisable solution.
In his own words as seen on Channels Television this morning…
“I’m surprised that a simple administrative decision is making senators, important people in government that are representing major sectors of the country, coming up with certain statements. What is the story? The CBN said that their office in Abuja is designed to just take 3000 people, right now they have over 5000 people there. If there’s a small disaster a lot of lives could be affected. But beyond that, the reason that 90% of the head office of banks are located in Lagos, are they not political? Nobody asked the banks to stay in Lagos, they are staying there for commercial purposes and the bank branches in Lagos alone is almost more than the entire north put together. And the people who are supposed to supervise these branches, the operations department, all the people are in Abuja. They had to take a flight to Lagos, stay in hotels and then Supervise. CONTINUE FULL READING>>>>>
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