Former CBN Governor Sanusi Lamido Supports CBN Relocation to Lagos

Former Central Bank of Nigeria (CBN) Governor Sanusi Lamido Sanusi has expressed strong support for the relocation of certain departments of the apex bank from Abuja to Lagos. In a recent statement, he dismissed opposition to the move as playing dirty politics and emphasized the strategic importance of the decision.

Sanusi Lamido, who served as the 14th Emir of Kano, believes that relocating functions to the larger Lagos office is an “eminently sensible move.” He revealed that he had contemplated a similar action during his tenure but lacked the time to see it through. According to Sanusi, the relocation would involve transferring certain functions such as FSS and most operations to Lagos, allowing for more effective operations and cost reduction.

Political Backlash and Sanusi Lamido Strategic Vision

Despite the strategic rationale behind the relocation, the announcement has faced criticism, particularly from some northern politicians who argue that it could have political consequences. Sanusi Lamido, however, dismisses such opposition as “absolutely unnecessary,” emphasizing that the CBN has staff across the Federation in its branches and cash offices.

Sanusi Lamidos vision goes beyond the logistical aspect of the relocation; he highlights the need for a strategic analysis to identify roles best suited for Lagos and Abuja. He argues that clear communication of strategic intent is crucial to avoid misrepresentation and arbitrariness. Additionally, he addresses concerns about the office structure handling staff numbers, asserting that proper management and organization can overcome such challenges.

Streamlining Operations and Addressing Staff Priorities

Sanusi Lamido underscores the importance of streamlining operations and making them more effective. He criticizes certain employees who prioritize their “spoilt Abuja life” over their responsibilities at the CBN, suggesting that the relocation is an opportunity for the Governor to address and eliminate such elements for the bank’s future stability.

Sanusi stresses the strategic nature of the decision and urges a thoughtful analysis to determine the best fit for functions in Lagos and Abuja. He advocates for proper communication to ensure understanding and avoid misinterpretation, highlighting that the success of the relocation hinges on strategic clarity and effective management.

Responding to Criticisms and Emphasizing Professionalism

Sanusi directly addresses criticisms about the CBN’s capacity to handle staff numbers, asserting that this challenge can be overcome with proper organizational measures. He even challenges the notion by suggesting that reputable organizations like Julius Berger would refute claims that the office structure is inadequate.

Sanusi’s support for the relocation is grounded in a strategic vision for the CBN’s efficiency and cost-effectiveness. By addressing opposition, emphasizing strategic clarity, and promoting professional conduct, he presents a comprehensive argument for the necessity and viability of the decision. . Relocation of CBN Departments to Lagos:

A Wise Decision for Efficiency and Resource Savings

Former governor of CBN, Mr. Lamido Sanusi Lamido, has gained widespread support for his advocacy of relocating certain departments of the Central Bank of Nigeria (CBN) to Lagos. Onyeabuo Ajike, expressing his opinion on social media, asserts that the decision is a prudent one, emphasizing its potential to save resources and time while enhancing efficiency and effectiveness in the bank’s operations. The consensus among supporters is that Sanusi Lamido Sanusi deserves commendation for championing a move that prioritizes the institution’s well-being over personal or political interests.

In the face of Sanusi’s commendable stance, some critics have resorted to playing dirty politics and opposing the relocation. It’s essential to highlight that the primary focus should be on what benefits the bank and ensures optimal functionality, rather than succumbing to personal or political motives. Sanusi’s commitment to doing what is right for the institution should be lauded, urging others to rise above partisan interests for the greater good.

Supporters Rally Behind the Shift to Lagos as the Commercial Hub

Ken Uttih, echoing the sentiment, views the relocation as a means to put to rest the ongoing debate. He argues that those amplifying political consequences can now rest easy, emphasizing that Lagos, being the commercial capital of the country, is the logical choice for the CBN headquarters. Uttih questions the purpose of the CBN’s presence in Abuja, suggesting that unnecessary ties with the fiscal side have proven costly in the past eight years.

Uttih’s endorsement of the move is rooted in the belief that it aligns with the collective interest of Nigeria. He asserts that personal or ethnic considerations should not override the broader national interest. As the discourse continues, it becomes increasingly clear that the relocation is not merely a matter of logistics but a pivotal decision that could shape the efficiency and functionality of the Central Bank of Nigeria.