Moving Central Bank Departments, FAAN Headquarters From Abuja To Lagos Will Improve Efficiency, Save Costs —Tinubu Government Insists

President Bola Tinubu’s government has insisted that the relocation of some departments of the Central Bank of Nigeria (CBN) and Federal Airport Authority of Nigeria (FAAN) corporate headquarters from Abuja to Lagos State will improve efficiency and save costs.

This was stated in a press statement issued by Mohammed Idris, Minister of Information and National Orientation on Sunday, urging Nigerians to disregard any narratives stating that the decision was taken for political reasons and to favour a particular region over others.

Some northerners and groups have criticised the move, describing it as a ploy to weaken the Northern region.

The statement reads in part, “Even as we tackle our challenges with urgency and dedication, it is also necessary to remind all Nigerians of the need to resist all forces and narratives of misinformation and division.

“For example, it is not true that the relocation to Lagos of the Headquarters of the Federal Airports Authority of Nigeria (FAAN), and of certain departments of the Central Bank of Nigeria (CBN), are political moves aimed at marginalizing a section of the country.

“These allegations are unfounded. Instead, these are pragmatic administrative steps to improve operational efficiency and reduce operating costs.”