Economist explains major challenge with CBN’s guidelines on Holdco post-recapitalization of Nigerian banks

Presidential candidate of the Nigerian Democratic Congress (NDC), Mr Peter Obi, has hailed former Head of State, General Abdulsalami Abubakar, describing him as a statesman who demonstrated “uncommon courage, patriotism and selflessness” in guiding Nigeria’s transition to democracy.

Obi made the remarks on Saturday while celebrating Abdulsalami’s 84th birthday.

He said: “Today, I am honoured to join distinguished Nigerians in celebrating a statesman and elder of our nation, General Abdulsalami Abubakar, GCFR, on the occasion of his 84th birthday and the public presentation of books documenting his remarkable life, service and contributions to Nigeria and Africa.

“General Abdulsalami occupies a unique place in our national history. At a critical moment in Nigeria’s journey, he demonstrated uncommon courage, patriotism and selflessness by guiding our nation through a peaceful transition to democratic governance.

“His actions helped lay the foundation for the democratic dispensation that Nigeria continues to build upon Today.

“As we celebrate General Abdulsalami Today, we are reminded that true leadership is measured not by the accumulation of power, but by the positive impact one leaves on people and institutions. His life continues to demonstrate that service to the nation must always be guided by responsibility and a commitment to the common good.

“May Almighty God continue to grant him good health, wisdom and strength to keep serving humanity and our nation.

“Thank you, and God bless the Federal Republic of Nigeria.”

Economist explains major challenge with CBN’s guidelines on Holdco post-recapitalization of Nigerian banks