The relocation of FAAN, CBN offices to Lagos, To reduce expenses’

The relocation of FAAN, CBN offices to Lagos, To reduce expenses’ — FG

The minister of information and national orientation, Mohammed Idris said that the relocation of the Federal Airports Authority of Nigeria (FAAN) headquarters and certain departments of the Central Bank of Nigeria (CBN) to Lagos are not politically motivated.

Mohammed Idris Malagi

The decision had drawn criticism and support, with Ali Ndume, chief whip of the senate, saying it would have political consequences, but Muhammadu Sanusi, former CBN governor, said it was a sensible move.

In a statement on Sunday, Idris said the allegations were “unfounded”, noting the relocation is a practical step to improve the operational competence and reduce the cost of operation.

He said the relocation was not to marginalise any section of the country.

"It is not true that the relocation to Lagos of the headquarters of the Federal Airports Authority of Nigeria (FAAN), and of certain departments of the Central Bank of Nigeria (CBN), are political moves aimed at marginalizing a section of the country,” Idris said.

“These allegations are unfounded. Instead, these are pragmatic administrative steps to improve operational efficiency and reduce operating costs.”

The minister underscored the federal government’s efforts to mitigate the impact of inflation on citizens through its initiatives like the students’ loan scheme, reduced cost of CNG mass transit buses, and various low-interest loan schemes for businesses.

"Regarding the economy, all relevant ministries and agencies of the federal government are working in coordinated fashion, to bring down inflation, stabilize foreign exchange rates, and create a truly enabling environment for business and investment. The Nigeria that President Tinubu seeks to build is one where no one is left behind,” he said.

"Impactful interventions are being rolled out, including a students’ loan scheme, a presidential initiative to deploy lower-cost CNG mass transit buses to provide alternatives to petrol and diesel, and various low-interest loan schemes for businesses.

“The CNG interventions will bring down the cost of transportation by more than 50 percent. We urge Nigerians to take advantage of these opportunities as they emerge, as they have been designed for the benefit of all.”

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