According to President Bola Tinubu, Nigeria is prepared to welcome the African Central Bank in keeping with the goals of the Abuja Treaty.
Speaking to leaders at the 37th Ordinary Session of the African Union (AU) Assembly of Heads of State and Government in Addis Ababa, Ethiopia, on Saturday, President Tinubu announced that his administration will work with member states and the African Union Commission to ensure that the bank launches on time in 2028.
The President reaffirmed that in order for Africa to prevent the recurrence of current issues and the emergence of new ones, the continent must successfully confront its difficulties head-on and resolve them with a firmness that is based on a deep-rooted sense of togetherness.
“As a continent and as individual nations, we face strong headwinds and difficult hurdles threatening to complicate our mission to bring qualitative democratic governance and economic development to our people,” the President was quoted as saying in a statement made by Chief Ajuri Ngelale, his Special Advisor on Media and Publicity. Climate change and unjust global trade patterns are only two examples of the many challenges that are mostly not our fault.
“However, some of the pitfalls, including coup-birthed autocracies and the deleterious tinkering with constitutional tenure provisions, are developmental cancers we as Africans are giving to ourselves,” he stated.
Furthermore, the President stated that disagreements over the illegal changes of government should not result in a permanent breakup of the enduring lines of regional affinity and cooperation. He was speaking about the military takeovers in the Republics of Guinea, Burkina Faso, Mali, and Niger, as well as the departure of three of these countries from ECOWAS.
