At the peak of the turbulence, the challenge before the Central Bank of Nigeria was not simply to inject liquidity into the system, but to restore trust in the market.
In reality, for institutions like the Central Bank of Nigeria, these engagements have become critical instruments of public relations and narrative control.
In recent history, nowhere was this more evident than in the dark cloud that hung over the National Emergency Management Agency (NEMA) between 2018 and 2024
From the outset, the Mining Marshals were conceived as a specialised enforcement unit in line with the Renewed Hope agenda of President Bola Ahmed Tinubu, to tackle illegal mining networks that had become deeply entrenched across several states.
That was the dilemma facing the Central Bank of Nigeria at the height of the foreign exchange crisis: how to sustain difficult reforms in an environment defined by volatility, speculation, and public anxiety.
There is a growing tension in Nigeria’s political space—one that is no longer whispered in private conversations but voiced openly in markets, offices, and homes.
