By Ohuakanwa Chibuzo
Chief Goody Uwazuruike, a prominent figure in Ohanaeze Ndigbo worldwide, stands behind the Federal government’s move to relocate select departments of the Central Bank of Nigeria (CBN) to Lagos.
He emphasizes that the decision aims to enhance efficiency and reduce operational costs.
Uwazuruike, a legal practitioner, believes that this strategic shift will streamline processes, bolster efficiency, and positively impact Nigeria’s banking sector.
Uwazuruike underscores the importance of this relocation as a pragmatic step forward, emphasizing its goal of optimizing time and resources rather than mere geographical repositioning. He highlights the necessity for the CBN governor to convene periodic meetings with bank executives, citing the logistical advantage offered by Lagos for facilitating such interactions efficiently.
Furthermore, Uwazuruike emphasizes that the relocation serves to empower CBN’s supervisory role, particularly in conducting unannounced visits to banks. He urges against politicizing the decision, advocating instead for its recognition as a measure aimed at enhancing operational effectiveness.
He parallels the move to the potential relocation of international oil companies to the Niger Delta, emphasizing the importance of decision-makers being well-acquainted with local dynamics to facilitate efficient governance.
In essence, Uwazuruike calls for moderation in opposition to the relocation, emphasizing the imperative of prioritizing operational pragmatism over political discord