Northern Group warns NASS against proposed amendments to CBN Act, cites dangerous consequences

  • The proposed amendments to the CBN Act of 2007 by the National Assembly have stirred a fresh debate in the polity
  • In a statement on Saturday, the Northern Ethnic Youth Group Assembly (NEYGA) opposed the move by NASS and shared key concerns
  • The proposed amendments include requiring the CBN to submit its budget for National Assembly approval and establishing a Coordinating Committee for Monetary and Fiscal Policies, which NEYGA believes would undermine the bank’s autonomy

Legit.ng journalist Esther Odili has over two years of experience covering political parties and movements.

The Northern Ethnic Youth Group Assembly (NEYGA) has expressed concern over the lawmakers’ decision to tamper with the Central Bank of Nigeria (CBN) Act 2007 as amended, which is considered very robust.