Just in: FG Directs CBN to either flood new notes, or re-inject old ones
In view of the unprecedented hardship being experienced by Nigerians in accessing their hard-earned money in banks, few minutes ago, the nation’s plum leadership body, the National Council of State Meeting issued an express directive to the Central Bank of Nigeria (CBN) to immediately release all minted new naira notes that will saturate the economy or forthwith, re-inject mopped up old notes as soon as possible of risk sack.
Though members of the Council expressed support for the naira redesign policy, they however asked Godwin Emefiele, the CBN governor, to make new naira notes available or recirculate old naira notes to ease the suffering of Nigerians.
The meeting, held on Friday at the presidential villa, was presided over by President Muhammadu Buhari.
The President chaired the National Council of State meeting to address the current upheaval regarding the naira redesign and the currency swap.
In attendance were the former Presidents Goodluck Jonathan; Yakubu Gowon, and Abdulsalami Abubakar as well as ex-President, Olusegun Obasanjo who attended virtually, Vice President, Professor Yemi Osinbajo; the President of the Senate, Ahmad Lawan and Speaker of the House of Representatives, Femi Gbajabiamila.
