Northern Elders Rejects Planned Relocation Of CBN Key Departments Back To Lagos

The Northern Elders Forum (NEF) has expressed concern over the reported plans by the Central Bank of Nigeria (CBN) to relocate major departments from the Abuja headquarters to the former headquarters in Lagos.

NEF made this known a statement signed by Abdul-Azeez Suleiman Director Publicity and Advocacy/Spokesperson and made available to journalists yesterday.

According to the statement, 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, reports Daily Sun.

This brain drain could negatively impact the CBN’s performance and efficiency.

“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.

“Moving key departments to a different geographical location would hinder effective coordination and communication with other government agencies in Abuja