CBN, banks support Sanusi to raise $2mn fund for girl child

The Central Bank of Nigeria (CBN) in collaboration with the Bankers committee pledged to support Lamido Sanusi, former Emir of Kano to raise $2 million fund in the next five years to address the problems of the girl child.
Godwin Emefiele governor of the CBN said he would make sure that the banks contribute substantially toward the project.
Emefiele corroborated with Sanusi to say “we should not get the Government to do everything”. He noted the former CBN governor saying the procceeds of the book launch would be channelled to his cause on educating the girl child in line with the Sustainable Development Goal (SDGs) of the United Nations.

Emefiele said the Banker’s Committee will work with the Trustee of the fund to ensure that the fund will be used judiciously.
He said he would be calling on the captains of industry, religious leaders, media, and the private sector operators among others to make their contributions to the project.
Lamido Sanusi, former Emir of Kano, on Tuesday last week raised concerns over Nigeria’s increased borrowing, saying more effort has to be taken to put the country to the part of fiscal sustainability.

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He said this in Lagos at the unveiling of his book titled, ‘For the Good of The Nation’, and the launch of $2 million fund for the girl-child, to mark his 60th birthday celebration.
It is estimated that Nigeria’s borrowing will exceed N35.5 trillion before end of the year, following the recent approval by Senate of a fresh $6.18 billion external loan request by the executive.
“This generation cannot continue to borrow while passing on the debt to another generation to bear,” he said.
Sanusi said criticisms about the manner the country is being governed would continue, saying, ” If we complain, it is because we love it”.

He said that Nigeria had much to gain staying together as one, while dismissing secessionist group, saying “those who say Nigeria would break up do not know what they are talking about”.
He said the greatest lesson has learnt in life is that it is great to be a Nigerian. “We will keep Nigeria together,” he said.
Sanusi challebged Nigerians of all walks of life to act in their little ways to address the socio-economic challenges, adding that people could not continue to look up to the government to solve all the problems.
He was worried that many young girls finish secondary education but lack the support to proceed to higher institutions, saying that the society should be able to provide the required suppprt.

Hope Moses-Ashike

Hope Moses-Ashike is an Associate Editor, Banking and Finance, with more than a decade of experience reporting on Nigeria’s financial system and broader economy. She closely tracks market movements, monetary policy decisions, company disclosures, regulatory actions, economic indicators, and global developments, and interprets what they mean for businesses, investors, policymakers, and households. Her reporting helps readers understand complex issues such as inflation trends, foreign exchange market dynamics, interest rate decisions, bank performance, and investment risks. She also covers major international events and periodically travels to Washington, D.C., to report on the World Bank/IMF Spring and Annual Meetings. Her dedication to financial journalism has earned her multiple recognitions and invitations to high-level professional development programmes. She is an alumna of the International Visitors Leadership Programme (IVLP) in the United States and holds an Advanced Financial Journalism Certificate from the Press Association Training in London, UK. Her other notable achievements include completing the Lagos Business School CMC Programme, the Bloomberg Media Africa Initiative Programme, and a Master Class in Journalism at Rhodes University in South Africa.