Following an announcement by the Central Bank of Nigeria (CBN) that it would relocate some of its departments from Abuja to Lagos state, the Northern Elders Forum, in a report by POSTREPORTERS, rejected the plans by the apex bank saying that it would lead to an unnecessary expenditure, and might also lead to loss of professional staffs who would be unwilling to change location, and other consequences highlighted by the socio-cultural group.……CONTINUE READING>>>>>>
This was disclosed in a statement by the NEF spokesperson, Abdul-Azeez Suleiman, which partly reads, “The movement would involve increased costs, loss of talent, disruption in operations, reduced coordination, regional economic disparities, impaired economic development in northern Nigeria, and decreased investor confidence in the nation’s economy. The CBN has a well-established workforce in Abuja, including professionals with significant knowledge and experience. Moving key departments to Lagos may lead to a loss of skilled employees who are unable or unwilling to relocate. This brain drain could negatively impact the CBN’s performance and efficiency.
It added, “Relocation would lead to a temporary disruption in the CBN’s operations. Employees would need time to adjust to their new surroundings, potentially causing delays in decision-making and implementation. The transition period could result in reduced productivity, inefficient processes, and decreased service levels, further impacting the CBN’s effectiveness.”
“Therefore, relocating them entirely to Lagos will only serve to further strengthen the already dominant position of Lagos, while potentially weakening the significance and role of Abuja,” the Northern Elders Forum explained.
Meanwhile, the apex bank had stated that the number of staffs at the Headquarters in Abuja are beyond the safety limit. Hence, there is need to decongest the building.……CONTINUE READING>>>>>>
