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President Bola Tinubu stated Nigeria’s willingness to host the African Central Bank in line with the vision of the Abuja Treaty. Addressing leaders at the 37th Ordinary Session of the Assembly of Heads of State and Government of the African Union (AU) in Addis Ababa, Ethiopia.
President Tinubu said his administration will engage the African Union Commission in collaboration with member states to ensure that the bank takes off as scheduled in 2028.
The President affirmed that Africa’s success in conclusively addressing its challenges hinges on the firmness of its resolution, built on a foundation of deep-rooted solidarity if it is to avoid perpetuating existing problems and creating new ones.
As a continent and as an individual nation, Africa faces strong headwinds and difficult hurdles threatening to complicate its mission to bring qualitative democratic governance and economic development. Many of these obstacles, such as climate change and unfair patterns of global trade, are largely not of its making. However, some of the pitfalls, including coup-birthed autocracies and the deleterious tinkering with constitutional tenure provisions, are developmental cancers self-created. The bonds of history, culture, commerce, geography, and brotherhood hold deep meaning for our people. Thus, out of the dust and fog of misunderstanding and acrimony, Africa must seize the chance to create a new people-centric era of trust and accord, stated the President while addressing the assembly.
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The President used the occasion to extend invitation to the Africa Counter-Terrorism Summit scheduled to take place in April 2024, in Abuja, stating that the summit aims to expand discussions beyond military and law enforcement remedies to comprehensively tackle the root causes of violent extremism, such as poverty, inadequate political access, and the propagation of hateful ideologies.
