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CBN Governor Cardoso Urges Nigerians to Rethink “Japa” Amid Economic Reforms
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has called on Nigerians to reconsider emigrating, commonly referred to as “Japa,” emphasizing the need for collective efforts to rebuild the nation.
Speaking at the 59th annual Bankers Dinner organized by the Chartered Institute of Bankers of Nigeria (CIBN) in Lagos, Cardoso outlined two key reasons for his appeal.
He warned that emigrating often involves selling assets at undervalued prices, which benefits opportunistic buyers.
He also stressed the importance of being part of the solution to Nigeria’s challenges, citing increased interest from international investors in the country’s potential.
Cardoso acknowledged the difficulties caused by recent economic reforms but assured Nigerians that these measures aim to create an economy where businesses and individuals can thrive.
He urged collaboration among banks, regulators, businesses, and citizens to achieve this vision.
“Now is the time for all hands to be on deck,” Cardoso concluded.
It has been reported that Niger State and some northern states have come together and agreed to take down 979 forests in order to strengthen national security.
This was revealed by the Niger State Governor, represented by his deputy, Yakubu Garba, at the passing-out parade in Mutum Daya.
He also shared that the government will support in any way they can in order to achieve this and strengthen security in Nigeria.
“The state will make necessary arrangements to support and empower the Forest Guard families for their service to the nation. We will provide them with adequate healthcare insurance scheme.”
Nigerian news analyst, Mahmud Jega, has shared his opinion on the recent airstrike carried out by the United States in Nigeria, stating that Nigerians should not blame President Bola Tinubu for the incident.
Jega made this statement during a recent interview, where he said he does not believe many people will hold the Tinubu administration responsible, as Donald Trump had issued threats against Nigeria long before Tinubu’s administration.
“No, I don’t think many people will blame the Tinubu administration for what is happening now because President Donald Trump, when he first made the threats, it was clearly not in coordination with the Tinubu administration or the government of Nigeria,” Jega said.
It has been reported that the United States carried out an airstrike targeting ISIS in the northwest region of Nigeria. The order was reportedly given by former U.S. President Donald Trump.
“Tonight, at my direction as Commander in Chief, the United States launched a powerful and deadly strike against ISIS terrorist elements in northwest Nigeria,” Trump said.
He added, “I have previously warned these terrorists that if they did not stop the slaughtering of Christians, there would be hell to pay, and tonight, there was.”
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