Kingsley Moghalu, former deputy governor of the Central Bank of Nigeria (CBN), has called on staff of the apex bank to support the recent management’s decision to relocate some departments to Lagos.

Moghalu, who took to X, formerly known as Twitter, to express his concern on Sunday about some staff dissatisfaction with the CBN’s decision to relocate departments from Abuja to Lagos, urged support for the move, citing the overcrowded conditions at the Abuja headquarters.

He tweeted, “I have seen reports of “disquiet” among some @cenbank staffers over the Bank management’s decision to move some its departments to the CBN Lagos office. I don’t see any serious basis for such “disquiet”.”

The CBN former deputy governor highlighted that the Lagos office, completed and inaugurated approximately 12 years ago, has been underutilized.

He explained that the staff numbers at the Abuja headquarters exceed the health and safety limits of the building, hence the need to relocate.

Moghalu said that the decision to move departments to Lagos is seen as rational, given that the market entities supervised by these departments are predominantly located in Lagos. The former official stated, “I don’t see any serious basis for such ‘disquiet.’ So, what’s the problem? Seems a rational decision to me.”


https://businessday.ng/news/article/moghalu-backs-cbns-decision-to-move-some-departments-to-lagos-calls-for-support/?amp=1

Some CBN staff enjoy flight, hotel and feeding allowance so they prefer to stay in Abuja and come to Lagos for inspection

Only Idiots are disagreeing with the move

Lagos is already full. Besides, Nigeria has 36 states and the FCT. Stop the obsession with Lagos and the FCT. Move things to other regions across Nigeria to benefit from government presence.

CBN headquarters can even be in Lagos being the economic powerhouse of the country after all,we have all national bank headquarters in Lagos which CBN is supposed to supervise..Now having some critical departments of CBN in Abuja won't make the CBN effectively monitor the banks.

There was a time when Unity Bank had its headquarters in Abuja because of northern influence on the bank. But for sustainability and more business opportunities, they had to move their headquarters to Lagos.

SmartPolician:
Lagos is already full. Besides, Nigéria has 36 states and the FCT. Stop the obsession with Lagos and the FCT. Move things to other regions across Nigeria to benefit from government presence.

How many bank headquarters are in other states asides Lagos?Their reasons for moving it to Lagos is justifiable.

Nigeria sef like negativity, you complete and abandoned project for 12years, for what purpose? Buhari na nonsense man

Parachoko:
Only Idiots are disagreeing with the move

I'm watching you

Jogs1900:

How many bank headquarters are in other states asides Lagos?Their reasons for moving it to Lagos is justifiable.

Oga, they should decentralise this country.

Every organisation shouldn't have its headquarters in Lagos and you don't expect a chaos. Lagos is already a hellhole. People waste productive time in traffic and complain bitterly, but they can do nothing about it.

If we had a serious government, they would ask organisations to strategically move their headquarters across regions in the country and enjoy massive government support. This is how America spread its wealth, and not concentrate it around one state.

Prigidypogodo:
I'm watching you

Who are you?

SmartPolician:


Oga, they should decentralise this country.

Every organisation shouldn't have its headquarters in Lagos and you don't expect a chaos. Lagos is already a hellhole. People waste productive time in traffic and complain bitterly, but they can do nothing about it.

If we had a serious government, they will ask organisations to strategically move their headquarters across regions in the country and enjoy massive government support. This is how America spread its wealth, and not concentrate it around one state.

Is the Lagos State Govt or the FG Forcing Organisations to site their HQ in Lagos State?

...to some creatures..moghalu is not an ipob biaffra anymore..

..if he was against the rascal decision of the agbero drug dealing certificate forger..he will automatically become a gunman unkownn who supports ipob

..the lives of some creatures are something else

SmartPolician:


Oga, they should decentralise this country.

Every organisation shouldn't have its headquarters in Lagos and you don't expect a chaos. Lagos is already a hellhole. People waste productive time in traffic and complain bitterly, but they can do nothing about it.

If we had a serious government, they will ask organisations to strategically move their headquarters across regions in the country and enjoy massive government support. This is how America spread its wealth, and not concentrate it around one state.

We are discussing CBN moving it's headquarters here.Where would they have moved CBN headquarter to if not Lagos after Abuja?Do you mean all bank headquarters should be in different states?

Biodun556:
Some CBN staff enjoy flight, hotel and feeding allowance so they prefer to stay in Abuja and come to Lagos for inspection

During inspection period, you will see them in Lagos for 2 months lodging in hotels and enjoying out of station allowance o.its not easy to stop it.We know those enjoying it will surely fight back.

SmartPolician:


Oga, they should decentralise this country.

Every organisation shouldn't have its headquarters in Lagos and you don't expect a chaos. Lagos is already a hellhole. People waste productive time in traffic and complain bitterly, but they can do nothing about it.

If we had a serious government, they will ask organisations to strategically move their headquarters across regions in the country and enjoy massive government support. This is how America spread its wealth, and not concentrate it around one state.

Yeah, this is the reason, the Jonathan's administration constructed the Standard Guage Rail from Abuja to Kaduna, where the Nigerian Defence Academy and other major military installations are situated plus a Refinery.

The National Institute for Strategic Studues and Vetinary Centre are situated in Jos,Plateau State.

Jogs1900:

We are discussing CBN moving it's headquarters here.Where would they have moved CBN headquarter to if not Lagos after Abuja?Do you mean all bank headquarters should be in different states?

Actually the discussion is not about moving CBN Headquarters

Not at all....

SmartPolician:


Oga, they should decentralise this country.

Every organisation shouldn't have its headquarters in Lagos and you don't expect a chaos. Lagos is already a hellhole. People waste productive time in traffic and complain bitterly, but they can do nothing about it.

If we had a serious government, they will ask organisations to strategically move their headquarters across regions in the country and enjoy massive government support. This is how America spread its wealth, and not concentrate it around one state.

You cannot tell businesses what to do
New York City is not even the Capital of. New,York state but is the financial capital not just of the USA but the World.
The Fed has it's headquarters in Washington with 3000 staff there. It has the same number of staff in New York because there is a need.
The stock Exchange and Capital Markets are in Lagos and there is nothing any government can do about that.

Your claim about America is imagination

New York is a dominant financial hub and America never told anyone what to do. Stop misinformation

aribisala0:

Actually the discussion is not about moving CBN Headquarters

Not at all....

Did you read my first post and the person I quoted's response..

Jogs1900:

Did you read my first post and the person I quoted's response..

Yes but we are not in any shape or form.discussing moving headquarters.are we?

aribisala0:

Yes but we are not in any shape or form.discussing moving headquarters.are we?

If you read my post very well, you should know I wasn't explicit about the CBN moving it's headquarters to Lagos.

SmartPolician:
Lagos is already full. Besides, Nigeria has 36 states and the FCT. Stop the obsession with Lagos and the FCT. Move things to other regions across Nigeria to benefit from government presence.

Some of you should stop commenting on what you know nothing about. Move fed govt economic tool to other states that have no presence of economic headquarters?

Even America will not do it. Go school u Na go say Na scam. Now u see your life Mr. Not-so-smart-poli whatever. Many of you are just advertising your ignorance on social media. How u go explain this to your kids?

Jogs1900:

If you read my post very well, you should know I wasn't explicit about the CBN moving it's headquarters to Lagos.

You were
Learn how to communicate properly
Learn to say you were wrong with grace and stop silly and unnecessary arguments

aribisala0:


You were
Learn how to communicate properly
Learn to say you were wrong with grace and stop silly and unnecessary arguments

This clearly shows the kind of person you are.
I'm not going to insult you.

"CBn can be in Lagos afterall we have all banks headquarters in Lagos"

What does the above quote mean to you?

Jogs1900:

During inspection period, you will see them in Lagos for 2 months lodging in hotels and enjoying out of station allowance o.its not easy to stop it.We know those enjoying it will surely fight back.

2 months?

Jogs1900:

This clearly shows the kind of person you are.
I'm not going to insult you.

"CBn can be in Lagos afterall we have all banks headquarters in Lagos"

What does the above quote mean to you?

Your insults are meaningless
I quoted what you said
It is still there
We are not discussing moving CBN Headquarters to Lagos

Everything else is noise

Learn to accept when you are wrong
No one can read your mind only what you type

Jogs1900:

We are discussing CBN moving it's headquarters ,.............

This is erroneous just admit and move on

Nigeria is ripe for three core capitals.
1. Administrative Capital - Owerri
2. Political Capital - Abuja
3. Commercial Capital - Lagos

MadamExcellency:
Nigeria is ripe for three core capitals.
1. Administrative Capital - Owerri
2. Political Capital - Abuja
3. Commercial Capital - Lagos

I like your suggestion, this is like Egypt and South Africa.
Why Owerri for number 1. Why not Calabar or Ajaokuta?

No 2 and 3 are already that. If not for Babangida, Lagos would have been 3, 1 and 2. Why not move admin back to Lagos where it all started from? We can save money

SmartPolician:
Lagos is already full. Besides, Nigeria has 36 states and the FCT. Stop the obsession with Lagos and the FCT. Move things to other regions across Nigeria to benefit from government presence.

Did you read the article?

It stated "Moghalu said that the decision to move departments to Lagos is seen as rational, given that the market entities supervised by these departments are predominantly located in Lagos."

Parachoko:
Is the Lagos State Govt or the FG Forcing Organisations to site their HQ in Lagos State?

FG is not, so the same FG should use its discretion to spread development across the country by intentionally encouraging the decentralization of both public and private enterprise presence, as it's done in developed countries. That's why it's almost difficult to see any major difference between New York and California or Texas or Florida, etc, because economic activities are not concentrated in NY and DC, like we have in Nigeria. Or you think the American govt just sat back and those things happened??

..

SmartPolician:


Oga, they should decentralise this country.

Every organisation shouldn't have its headquarters in Lagos and you don't expect a chaos. Lagos is already a hellhole. People waste productive time in traffic and complain bitterly, but they can do nothing about it.

If we had a serious government, they will ask organisations to strategically move their headquarters across regions in the country and enjoy massive government support. This is how America spread its wealth, and not concentrate it around one state.

You cant force organizations to locate their HQ in a particular place.
Nobody fault innoson to site his factory in southeast.

Its just logical

Jogs1900:

During inspection period, you will see them in Lagos for 2 months lodging in hotels and enjoying out of station allowance o.its not easy to stop it.We know those enjoying it will surely fight back.

They will now hide behind one faceless NORTHERN GROUP!