In a statement issued by the Alliance of Yoruba Democratic Movements (AYDM), it was emphasized that the relocation of the Federal Airport Authority of Nigeria (FAAN) and certain departments of the Central Bank of Nigeria (CBN) from Abuja to Lagos State were motivated by a sincere desire to enhance performance....CONTINUE READING THE FULL ARTICLE>>>
According to Sun Newspaper, AYDM believes that decentralizing government functions and institutions is crucial for Nigeria’s progress and functionality. They argue that since the Lagos Stock Exchange is the oldest in the country and serves as a key economic hub, it is only fitting that both the Stock Exchange and the Central Bank be situated in Lagos, the nation’s economic nerve center.
The group expressed concern over AYCF’s attempt to dictate the actions of the President and Vice President, stating that it poses a danger to the country’s stability. They urged the AYCF to recognize that Nigeria belongs to all.
AYDM emphasized that the Arewa group should be satisfied with the explanation provided in the circular regarding the relocation of government departments. They highlighted the importance of optimizing operational efficiency, improving service delivery, and ensuring economic vibrancy across Nigeria.
AYDM also pointed out that the majority of funds from airport services and the presence of local and international airports in Nigeria are centered around Lagos, making it a suitable location for the FAAN. They stressed that these decisions are part of a strategic governance approach aimed at fostering development…CONTINUE READING>>
