NewsBuhari Urges CBN to Print More Money Or Allow...

Buhari Urges CBN to Print More Money Or Allow Co-Circulation, Council Of State

-

Buhari Urges CBN to Print More Money Or Allow Co-Circulation, Council Of State

The Council approved the naira redesign policy of the CBN but faulted its implementation.

 

The Council of State has advised President Muhammadu Buhari to direct the Central Bank of Nigeria (CBN) to print more redesigned naira notes or allow the new and old banknotes to circulate concurrently to ease the tension caused by the scarcity of cash.

 

The Council approved the naira redesign policy of the CBN but faulted its implementation.

Briefing State House Correspondents after the Council meeting chaired by the President, the Attorney General of the Federal, Abubakar Malami, who was flanked by Governor Darius Ishaku of Taraba State and Governor Babajide Sanwo-Olu of Lagos State, said that the Council illuminated the need for aggressive action by the CBN to ensure adequate supply of the naira in the system for proper implementation of the policy.

 

Echoing submissions by the Council, Governor Ishaku stated that it proffered a number of suggestions to the President, particularly on the currency swap challenge which dominated discussions, following a debriefing from the CBN Governor Godwin Emefiele, and expressed the hope Buhari will make a decision soon.

 

On the 2023 elections, Malami also expressed the Council’s satisfaction with the level of preparation by the Independent National Electoral Commission (INEC) and other institutions.

 

Those who attended the Council meeting chaired by the President include the former presidents Goodluck Jonathan; Yakubu Gowon, and Abdulsalami Abubakar as well as ex-President Olusegun Obasanjo who attended virtually.

 

Also present at the Chamber were the Vice President, Professor Yemi Osinbajo; the President of the Senate, Ahmad Lawan; Speaker of the House of Representatives, Femi Gbajabiamila.

Governors in attendance were Nasir El-Rufai (Kaduna), Darius Ishaku (Taraba), Babajide Sanwo-Olu (Lagos), and Babagana Zulum (Borno). Other governors that virtually attended were Ademola Adeleke (Osun), Abubakar Badaru (Jigawa), Yahaya Bello (Kogi), Atiku Bagudu (Kebbi), Dapo Abiodun (Ogun), Aminu Tambuwal (Sokoto), Simon Lalong (Plateau) and the Deputy Governors Nasarawa and Bauchi states.

The Minister of the FCT, Mohammed Bello; Secretary to the Government of the Federation, Boss Mustapha; Attorney General of the Federation and Minister of Justice, Abubakar Malami and the Governor of the Central Bank of Nigeria, Godwin Emefiele also attended the meeting.

The INEC Chairman, Mahmood Yakubu was also physically in attendance and briefed the Council on preparations ahead of polls.

All Service Chiefs and Heads of security agencies were also physically present.

Miss

Adaku Quingisthttp://www.quingist.com.ng
My name is Duru Eunice Adaku CEO Quingist Empire I am the most real chick on social media... I'm here to promote artists from Imo State. I am a Blogger, a Content Creator, a Music & Brand Promoter, and a core businesswoman. I post to inform, update, educate and entertain you. Don't forget #Quingist is a Brand, let's grow it together... The future is bright...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest news

#Crime: Nigerian Sentenced To Life Imprisonment For Murder Of Shaun-Douglas Chabalala

#Crime: Nigerian Sentenced To Life Imprisonment For Murder Of Shaun-Douglas Chabalala The Pretoria Magistrate's Court on Monday, March 13, 2023,...

#IsialaMbanoDecide: Chikwem Onuoha Vs Prof Sylvia Agu

#IsialaMbanoDecide: Chikwem Onuoha Vs Prof Sylvia Agu A cursory look at the just concluded Presidential and National Assembly Election has...

Three Nigerians Arrested For Drug Smuggling In Indonesia May Face Death Penalty

Three Nigerians Arrested For Drug Smuggling In Indonesia May Face Death Penalty Indonesian authorities on Wednesday, March 15, 2023, said...

#CelebrityGist: Imo born Cruise Master Joseph Bags Deal with Storm

#CelebrityGist: Imo born Cruise Master Joseph Bags Deal with Storm That proud Owerri son who started cruising in his local...

Mercy Johnson’s Husband Dedicates House Of Reps Certificate To Her

Mercy Johnson's Husband Dedicates House Of Reps Certificate To Her MY BEAUTIFUL DARLING WIFE @mercyjohnsonokojie Mercy Johnson Okojie Mercy Johnson...

CBN Vs Former CBN Chairman Soludo

CBN Vs Former CBN Chairman Soludo SPECIAL PUBLIC ANNOUNCEMENT Commercial banks have been directed by the Central Bank to dispense old...

Must read

You might also likeRELATED
Recommended to you

%d bloggers like this: