Buhari holds emergency meeting over naira, fuel crises

Bisola David
Bisola David
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President Muhammadu Buhari will call an emergency Council of State meeting on Friday in order to address the issues plaguing the country, including the naira, petrol shortage, and insecurity ahead of the February 25 presidential election.

According to Daily Post, on Friday at 10 a.m., the Central Bank of Nigeria, and the Independence National Electoral Commission will extend the meeting.

Additionally, the council is anticipated to receive a briefing from the Inspector General of Police, Usman Alkali Baba, and the Chairman of INEC, Prof. Mahmud Yakubu, on the preparations for the February 25 presidential and National Assembly elections as well as the March 11 governorship and house of assembly elections.

Significant decisions will be made at the conference in order to relieve the tension before the elections and prevent a potential national crisis caused by the lack of new naira notes.

The National Council of State is a body that advises the executive on policy decisions. It is part of the Nigerian government.

The naira’s scarcity and the ongoing fuel shortage have made life in Nigeria miserable.

From people stripping themselves naked in banks, to one person was killed in a bank robbery by a mob in Abeokuta, Ogun State, to the Edo State CBN headquarters was evacuated for security reasons. Due to the threat of mob violence, banks in Lagos, Abuja, and other regions of the nation are required to close their locations.

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