• Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • More…
    • About
    • Privacy Policy
    • Advertise
Tuesday, June 9, 2026
  • Login
No Result
View All Result
NEWSLETTER
Elanza News
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • More…
    • About
    • Privacy Policy
    • Advertise
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • More…
    • About
    • Privacy Policy
    • Advertise
No Result
View All Result
Elanza News
Home Business

Northern Elders Speaks On Central Bank’s Plan To Relocate Key Departments

Ojimaojo Abubakar by Ojimaojo Abubakar
January 17, 2024
in Business
0
Northern Elders Speaks On Central Bank’s Plan To Relocate Key Departments
0
SHARES
4
VIEWS
FacebookTwitterWhatsappEmailTelegram

By Abubakar Yunusa

The Northern Elders Forum (NEF) has addressed reports of internal “disquiet” among CBN staffers following the management’s decision to relocate certain departments to the CBN Lagos office.

On January 12, the CBN, through a circular from the director of its human resources department, conveyed its plans to decongest its head office in Abuja.

“The action plan focuses on optimizing the utilization of other Bank’s premises. With this plan, 1,533 staff will be moved to other CBN facilities within Abuja, Lagos, and understaffed branches,” the bank said, as reported by The Nation.

RelatedPosts

CPPE Backs CBN’s Decision to Hold Monetary Policy Rates

CBN Holds Interest Rate at 26.5% Amid Inflation Battle

N917bn Gain: Stock Market Roars Back

“Our current occupancy level of 4,233 significantly exceeds the optimal capacity of 2,700 designed for the Head Office building. This overcrowding poses several critical challenges.

Daily Nigerian reported over the weekend that the move has caused disquiet among CBN staff, with claims that the plan would render the Abuja office of the apex bank ‘useless.’

In a statement signed by its Director of Publicity and Advocacy/spokesperson, Abdul-Azeez Suleiman, stated that Northern Nigeria already faces various economic challenges, such as poverty, unemployment, and insecurity.

According to the statement, NEF finds the broader negative implications of relocating these key departments ridiculous and unacceptable, as moving economic decision-making power to Lagos could exacerbate regional disparities, fostering a sense of marginalization among other regions, particularly Northern Nigeria.

“Additionally, this move could hinder the northern governments’ efforts to promote economic diversification and reduce dependence on oil revenue.

ALSO READ:  South Africa Extends Invitation to Tinubu ,African Leaders For BRICS Summit

“Unacceptably too, the North, which is home to a significant portion of Nigeria’s population, would be disproportionately affected by the relocation, reducing access to economic opportunities and financial services, further widening the economic gap between Northern Nigeria and other regions, potentially exacerbating social and political tensions.

“NEF is also deeply concerned about the implications this relocation would have on the lives of the affected staff members. Reports suggest that this move would affect 1,533 dedicated staff members, forcing some individuals, particularly married women, who are mostly from the North, to contemplate resigning.

“We believe it is crucial to consider the impact on the personal lives and families of these staff members, especially married women who may struggle to cope with this decision.

“The NEF urges the CBN and relevant authorities to prioritize the nation’s overall progress and the well-being of its citizens.

“We recommend a holistic approach that considers not only the efficiency and effectiveness of departmental operations but also the livelihoods and future development of all regions of Nigeria.

“We urge the government to evaluate the potential drawbacks of such a move thoroughly. It is important to consider the impact on Abuja’s role as the capital city, the potential repercussions on regional development and economic balance, and the overall effectiveness and efficiency of the relocated departments in serving their intended purpose.

“We call upon the CBN and relevant authorities to thoroughly review the consequences of this relocation and explore alternative arrangements that do not compromise the career growth and work-life balance of its valuable employees.

ALSO READ:  Diesel Price Reduced to ₦1,789.45 Per Litre in July - NBS

“It is essential to ensure that the burden of relocation is not unfairly placed on the shoulders of these individuals and their families.”

Tags: CBNNEF
Previous Post

Blaze Engulfs Panteka Market, Timber Section Faces Wrath Of Fire In Kaduna

Next Post

Mr. Adesanya Urges National Assembly To Revisit NIWA Act

Ojimaojo Abubakar

Ojimaojo Abubakar

Abubakar Ojimaojo is a graduate of Mass Communication, political and football analyst currently work at elanzanews.ng as Editor. He pride himself as skilled wordsmith with a passion for delving into contemporary political issues on both national and international scale.

Related Posts

CPPE Backs CBN’s Decision to Hold Monetary Policy Rates

CPPE Backs CBN’s Decision to Hold Monetary Policy Rates

by Nathaniel Irobi
May 21, 2026
0

The Centre for the Promotion of Private Enterprise (CPPE) has commended the Central Bank of Nigeria for retaining key monetary...

CBN Holds Interest Rate at 26.5% Amid Inflation Battle

CBN Holds Interest Rate at 26.5% Amid Inflation Battle

by Nathaniel Irobi
May 20, 2026
0

The Central Bank of Nigeria (CBN) has retained its benchmark interest rate at 26.5 per cent, reinforcing efforts to stabilise...

N917bn Gain: Stock Market Roars Back

N917bn Gain: Stock Market Roars Back

by Nathaniel Irobi
May 20, 2026
0

  The Nigerian Exchange reversed a three-day bearish run on Tuesday, as investors gained N917 billion on the back of...

Next Post
Mr. Adesanya Urges National Assembly To Revisit  NIWA Act

Mr. Adesanya Urges National Assembly To Revisit NIWA Act

Legal Conundrum: Bench Warrant Issued For Surety Accused Of Shielding Offender

Legal Conundrum: Bench Warrant Issued For Surety Accused Of Shielding Offender

Recommended

Women lawyers hold talks on career progression, leadership pathways in judiciary

Women lawyers hold talks on career progression, leadership pathways in judiciary

6 days ago
Anambra: Court remands eight pastors over alleged fake miracles

Anambra: Court remands eight pastors over alleged fake miracles

4 days ago

Popular News

  • Residents flee as flood ravages 10 communities in Kebbi – NEMA

    Residents flee as flood ravages 10 communities in Kebbi – NEMA

    0 shares
    Share 0 Tweet 0
  • Nigerian Govt laments gaps in polio eradication despite $500m spent

    0 shares
    Share 0 Tweet 0
  • Court Rejects Stay of Execution Bid Against United Methodist Church

    0 shares
    Share 0 Tweet 0
  • Musawah Movement Demands Constructive Political Dialogue Ahead of 202

    0 shares
    Share 0 Tweet 0
  • Boost Military Morale Through Positive Coverage, Media Told

    0 shares
    Share 0 Tweet 0

Connect with us

Facebook Instagram Twitter Youtube
Elanza logo

Elanza News is your NO 1 online platform for all news update.
#SayNoToFakeNews
Contact Us

Category

  • Arts & Literature (26)
  • Business (836)
  • Education (277)
  • Entertainment (423)
  • Health (254)
  • National (3,357)
  • News (10,522)
  • Opinion (453)
  • Politics (2,228)
  • Science (15)
  • Security (421)
  • Sports (736)

Newsletter

© 2023 Elanza News - The No 1 online news platform

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Politics
  • Business
  • Science
  • National
  • Entertainment
  • Sports
  • Health

© 2023 Elanza News - The No 1 online news platform