In a resolute show of support, former Central Bank of Nigeria (CBN) Governor Sanusi Lamido Sanusi has endorsed the decision to relocate certain CBN departments from Abuja to Lagos. Dismissing opposition to the move as “dirty politics,” Sanusi sees the relocation as a strategically sound decision that aligns with efficient operations and cost reduction.
Critics have emerged, particularly from some northern politicians, warning of potential political consequences following the CBN’s announcement of the relocation. However, Sanusi, the 14th Emir of Kano, asserted that the move is “eminently sensible.”
Sanusi revealed that during his tenure, he had contemplated a similar relocation, intending to move certain functions to the larger Lagos office. Specifically, he suggested relocating Financial System Stability (FSS) and most operational aspects to Lagos, leaving economic policy, corporate services, and departments reporting directly to the Governor in Abuja.
He emphasized the strategic sense behind such a move and dismissed opposition claims as unnecessary. Sanusi pointed out that the CBN has staff across the country, and streamlining operations and reducing costs through staff relocation is a normal management prerogative.
Highlighting potential challenges within the workforce, Sanusi noted, “The CBN is just an address for them, and if they have to choose between their spoilt Abuja life and the job, they would gladly leave the CBN.” He urged the Governor to stand firm and address elements that could be detrimental to the bank’s future.
Sanusi stressed the strategic nature of the relocation, advocating for a thorough analysis to identify roles best suited for Lagos and Abuja. He acknowledged that communication of strategic intent is crucial to prevent misrepresentation and arbitrariness.
Addressing concerns about the capacity of the office structure to handle increased staff numbers, Sanusi dismissed such claims and suggested empathetic consideration of individual situations during the relocation process, particularly for those with unique circumstances.
In a firm stance against political pressure, Sanusi advised the CBN Governor to proceed with the policy, emphasizing the importance of maintaining principled decisions. He cautioned against bending to political pressures, stating, “Once the CBN starts bending to political pressure on one thing, it will continue doing so.”
Sanusi concluded by acknowledging the unpopular and challenging nature of the Governor’s job, urging resilience and toughness in pushing through decisions for the greater good of the institution.
