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NIGERIA: CSOs Applaud CBN Governor over Economy
Civil Society groups have continued to laud the efforts of the Governor of Central Bank of Nigeria (CBN), Godwin Emefiele for his genuine and undying quest to develop Nigeria’s economy since emerging head of the apex bank.

It will be recalled that Emefiele received compliments recently following undue attacks from some quarters. The latest applause on Emefiele came from the Coalition of Civil Society Groups (CCSG) on Tuesday in Abuja.
The President of CCSG, Etuk Bassey Williams, while delivering a keynote address at a press urged Nigerians to appreciate the efforts of Emefiele and his team, adding that Nigeria’s economy is safe with Emefiele in charge.
Williams revealed that the Coalition had observed Emefiele and his team’s efforts and consider it pertinent to appreciate their hard work, commitment, dedication and tact employed in the management of Naira, empowering the Farmers and Entrepreneurs towards job and wealth-creating.
Stressing that the aim of telling the public of Emefiele’s giant strides is to encourage the bank’s leadership not to relent in justifying the confidence reposed on them by President Muhammadu Buhari.
His words: “There is no doubt that his appointment in 2014 and re-appointment in 2020 was the proper judgement. Without equivocation, Emefiele’s contribution to the development and growth of the Nigerian economy, as well as innovations in development financing, earned him President Muhammadu Buhari’s nomination for a second term in office as CBN Governor; this singular achievement is by the records the first time anyone had been so nominated since 1999.
“In line with his promise at the unveiling of his Agenda in 2014, he commenced operation to enhance access to credit to Micro, Small and Medium Enterprises, MSMEs, as that sector remains the catalysts of economic growth in Nigeria.
“He has also ensured the protection of Bank Customers, effective supervision of Deposit Money Banks and Other Financial Institutions; and deepening of Financial Inclusion through an effective banking and payments system.” CCSG President said.
Here are other achievements of the CBN Governor since he was appointed into office:
“Emefiele backed up his pledge to facilitate job creation by creating the Creative Industry Financing Initiative, CIFI, which is being implemented in collaboration with the Bankers’ Committee.
To encourage diversification of the economy and stimulate growth in the agriculture sector in line with President Muhammadu Buhari’s plan, the CBN Governor established an innovative agriculture credit plan: Anchor Borrowers Programme, which has increased yield per hectare of agricultural produce like Rice, Groundnut and Cocoa.
“CBN Governor embarked on other policies such as the Youth Entrepreneurship Development Programme, YEDP, Accelerated Agricultural Development Scheme, AADS, the Agri-business/Small and Medium Enterprises Investment Scheme, AGSMEIS, the National Collateral Registry, NCR, and lately the Creative Industry Financing Initiative, CIFI, which is a collaboration between the CBN and the Bankers’ Committee.
“A nationalistic economist of a kind, no doubt Emefiele has shown commitment; in the course of his tenure, he has championed diversification of the Nigerian economy, away from heavy dependence on crude oil and other imported items that can be produced in the country. He has continued to make an effort to stabilized the Naira and put the economy on the right footing.
“Creating the Inter-bank/Wholesale and the Investors/Exporters’ windows have brought great relief, leading to exceptional acreage in foreign reserve and a rise in capital inflow.
“He also introduced an import exclusion policy, increased patronage for local goods and stimulated local production significantly, presented a check on the activities of the Bureau De Change, BDC, and ended the continued depreciation of Naira over the years.
“In a sincere effort to salvage the Naira, the CBN stopped the sales of Forex to Bureau De Change, BDC, Operators who exploit and artificially inflate dollar/naira exchange.
“CCSG applauded this move to discourage illicit financial flow, BDC racketeering and indiscriminate round-tripping, including the genuine effort of the Governor in trying to stabilize the Naira.
“The Governor has halted the recession that recently threatened the country through the new monetary policies on diaspora remittance and sustainable intervention.
“The same tact came to bear in this present Covid-19 induced economic challenge as we could bounce back faster than other African Countries. The policies have been deliberate, precise and impactful.
“We are bold to say that Nigeria is in Safe hand” economically. We request that everybody support this Government; there is no doubt that the Governor of CBN and his team will deliver. Indeed, Mr Godwin Ifeanyi Emefiele has done wonderfully well to deserve more accolades from Nigerians for a work well done.” Williams stated.
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Dogara Celebrates Baba Jang at 82, Hails Him as a Visionary Statesman
Former Speaker of the House of Representatives and Chairman, Board of Trustees of the National Credit Guarantee Company Limited (NCGC), Rt. Hon. Yakubu Dogara, has joined Nigerians in celebrating Former Governor Jonah Jang, fondly called Baba Jang, as he clocks 82 years.
In a glowing tribute, Dogara described Baba Jang as a visionary leader whose life and service remain a beacon of hope for generations. He noted that Jang’s tenure as Governor of Plateau State was marked by courage, foresight, and an unwavering commitment to peace, unity, and development.
“Baba Jang’s life is a testimony of service and sacrifice. He invested in infrastructure, strengthened institutions, and worked tirelessly to foster unity in Plateau State. His leadership was never about personal gain but about building lasting foundations for progress,” Dogara said.
He further emphasized that Jang’s integrity, resilience, and mentorship have shaped leaders across Nigeria, adding that his legacy continues to inspire beyond the boundaries of Plateau State.
“As he celebrates 82 years, we honor him not just for the offices he has held, but for the enduring impact he has made on countless lives. Baba Jang remains a statesman, a father figure, and a model of quality leadership,” Dogara added.
The tribute underscores Baba Jang’s enduring influence in Nigerian politics and governance, highlighting his role as a leader whose footprints on the sands of time cannot be erased.
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Civil Society Coalition Raises Alarm Over Nigeria’s Maritime Boundaries, Oil Wells Allocation
A coalition of Civil Society Organizations (CSOs), maritime experts and policy advocates has raised serious concerns over Nigeria’s maritime boundary management and the allocation of offshore oil wells, calling for urgent intervention by the Federal Government.
The concerns were presented on Thursday in Abuja during a civil society roundtable where the coalition leader, Dr. Gabriel Nwambu, addressed stakeholders and unveiled the communiqué issued after a recent verification mission to Nigeria’s offshore maritime corridor bordering Cameroon and Equatorial Guinea.
The communiqué followed a technical fact-finding and verification exercise conducted at sea on February 28, 2026, focusing on Nigeria’s offshore hydrocarbon blocks OML 114, OML 115 and OML 123 as well as the maritime boundary areas involving Nigeria, Cameroon and Equatorial Guinea.
Dr. Nwambu explained that the mission involved maritime governance stakeholders, mapping professionals and public policy experts who undertook physical observation of the maritime corridor, technical mapping verification and consultations with relevant authorities.
According to the coalition, the mission sought to independently verify the status of Nigeria’s maritime boundaries, offshore hydrocarbon entitlements and the implications of administrative and regulatory decisions affecting the Cross River maritime corridor.
ICJ Judgment Clarified
Presenting the findings, the coalition noted that the 2002 judgment of the International Court of Justice (ICJ) between Nigeria and Cameroon ceded only specific settlements in the southern Bakassi Peninsula — Atabong, Akwabana and Archibong Town — to Cameroon.
The coalition stressed that several areas often assumed to have been ceded were not included in the ruling.
“The Cross River Estuary and the western Bakassi peninsular islands of Dayspring I and II, Abana and Kwa Island were not ceded under the ICJ judgment,” the communiqué stated.
The group further emphasized that Nigeria still maintains maritime boundary continuity between the Cross River Estuary and the Akwayefe River Estuary based on the ICJ cartographic evidence and the physical geography of the region.
Dr. Nwambu also clarified that the Cross River Estuary remains Nigeria’s natural maritime gateway to the Atlantic Ocean and provides Cross River State with direct offshore access.
Questions Over Boundary Management
A major concern raised by the coalition relates to the actions of the National Boundary Commission (NBC) in implementing the Offshore/Onshore Dichotomy Abrogation Act using what it described as a temporary implementation map.
According to the communiqué, the baseline drawn from Tom Shot into the Cross River Estuary effectively closed the estuary’s mouth to the sea, thereby rendering Cross River State non-littoral.
The coalition warned that this development raises serious constitutional, economic and national security concerns.
It further criticized the NBC for failing to demarcate the Nigeria–Cameroon maritime boundary more than two decades after the ICJ ruling, stating that continued reliance on the temporary map could jeopardize Nigeria’s territorial integrity.
The report also alleged that the situation has effectively resulted in the ceding of about 780 hectares of maritime waters within the Cross River Estuary toward the Akwayefe River Estuary to Cameroon.
Oil Wells and Revenue Concerns
Beyond boundary issues, the civil society coalition raised alarm over oil revenue allocation and the management of transboundary oil fields.
According to the findings, the failure of relevant institutions to brief the President on key inter-agency reports could prevent Nigeria from exploiting 49 identified transboundary oil wells located within OML 114 in the Cross River Estuary.
The coalition also raised concerns over alleged financial irregularities relating to the Ekanga and Zafiro transboundary oil fields jointly developed by Nigeria and Equatorial Guinea.
It alleged that more than ₦33 billion may have been approved from the Federation Account in favour of Akwa Ibom State without clear presidential authorization.
The group further questioned whether revenues from the Ekanga and Zafiro fields — estimated at over $8 billion — had been properly remitted into the Federation Account.
Call for Presidential Intervention
To address the concerns, the coalition recommended several urgent measures, including a presidential review of the 2024 and 2025 inter-agency oil verification reports affecting Cross River and Akwa Ibom states.
It also called for the proper demarcation of the Nigeria–Cameroon maritime boundary in line with the ICJ judgment and the establishment of a Presidential Special Investigation Panel to probe the alleged loss of Nigerian maritime waters.
Other recommendations include a forensic audit of revenues from the Ekanga and Zafiro oil fields, investigation into the alleged ₦33 billion payment approvals, and diplomatic engagement with Cameroon to develop transboundary reservoir agreements.
The coalition also urged the Federal Government to restore and recognize Cross River State’s littoral status based on the geographic and legal status of the Cross River Estuary.
National Security Implications
In its concluding remarks, the coalition warned that the issues uncovered during the verification mission have far-reaching implications for Nigeria’s territorial integrity, maritime sovereignty, national security and oil revenue accountability.
Dr. Nwambu called on the President to treat the matter with urgency, stressing that transparent management of maritime boundaries and offshore resources remains critical to Nigeria’s economic stability and geopolitical standing.
The communiqué was jointly signed by representatives of the coalition of civil society organizations, maritime policy experts, technical observers and economic governance accountability groups.
News
Nigerian Youth Storm National Assembly Demands Access to Present Dishonourable Award to Senator
Nigerian Youth under the leadership of Empowerment for Unemployed Youth Initiative (EUYI) on Tuesday stormed the National Assembly to present Senator Olajide Ipinsagba with the Most Dishonourable Senator of the year award.
EUYI previously threatened to present the Senator with the award, citing a plethora infractions and unwholesome dealings especially with his legislative aids and associates.
The group urged the Senate President to grant them access to the hallowed chambers to make the presentation as wake up call to other public servants.
Addressing the press at the National Assembly complex, Comrade Danesi Momoh Prince disclosed that they had gathered as early as 7 am at the National Assembly gate only to discover that the Senate is not sitting and that the embattled Senator was absent despite prior information.
“We’re angry that Senator Olajide Ipinsagba has refused to show up and collect his award for his dishonourable conduct especially as it pertains the exploitation and underemployment of Nigeria youth under his office
“How can a Senator be paying his legislative aid 30,000 naira when the national minimum wage is 70,000 Naira? Is he the only one that needs money? Is it not wickedness to treat unemployed Nigerian youth like that?”, he queried.
The group vowed to go ahead and present the award to the Senator in person, be it in the Senate Chambers or his house. We shall however not give the award to anybody but the senator due to the “seriousness of his offense”
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