During the 37th Ordinary Session of the African Union in Addis Ababa, President Bola Tinubu pledged Nigeria’s readiness to host the African Central Bank, aligning with the goals of the Abuja Treaty. Tinubu vowed to collaborate with the African Union Commission and member states to ensure the bank commences operations as planned in 2028.
Tinubu emphasized the importance of African solidarity in overcoming challenges and achieving sustainable development. He highlighted external obstacles such as climate change and unfair global trade practices, as well as internal issues like autocratic regimes and constitutional manipulations.
Addressing recent military takeovers in Guinea, Burkina Faso, Mali, and Niger, Tinubu stressed that disagreements over unconstitutional government changes should not break regional bonds. He emphasized the significance of peace, unity, and cooperation in West Africa, transcending individual interests.
The President’s remarks underscored the continent’s collective efforts to surmount obstacles and foster democratic governance and economic progress. Tinubu’s proposal for hosting the Africa Central Bank reflects Nigeria’s commitment to advancing continental financial institutions, signaling potential for significant economic and geopolitical implications if realized.
