The Minister of Education and the Governor of the Central Bank of Nigeria, Mr. Olayemi Cardoso, have agreed on a plan to complete long-stalled infrastructure projects across Nigeria’s Colleges of Education, Polytechnics, and Universities.
In a statement after their meeting, the Minister commended Cardoso for his stewardship of the Nigerian economy, citing stability in the foreign exchange market, renewed confidence among international, sub-regional and local investors, and a significant rise in Foreign Direct Investment.
According to the Minister, this reflects how President Bola Ahmed Tinubu GCFR has moved Nigeria “from the precipice to a point of robust growth,” with much credit due to the Governor’s sound monetary policies.
At the heart of the discussion were CBN Intervention Projects spanning centres of excellence, hostels, academic centres, and technical laboratories. The projects were earlier transferred to the Ministry of Education but remain uncompleted.
Both parties agreed on a clear path forward: the CBN will settle existing contractual liabilities while the Ministry will take on future ones, to clear the way for the delivery of the projects for students.
The Minister and Mr. Cardoso described the engagement as long overdue and highly productive, saying it reflects President Tinubu’s insistence on synergy across government.
The Governor committed to reviewing the Ministry’s request and reverting with next steps.
