Make new naira available, Council of State orders CBN

Marcus Amudipe
Marcus Amudipe
Council of State

Christian George

The Council of State has ordered the Central Bank of Nigeria to make the newly redesigned naira notes available in large quantity to Nigerians.

The Governor of Taraba, Darius Ishaku, made the disclosure to newsmen on Friday after the Council of State emergency meeting held in Abuja.

He said, “the CBN was advised to make money available in quantum. The old money can also be recirculated to ease the suffering of the poorest of the poor.”

Vanguard reported that the President, Major General Muhammadu Buhari (retd) also pledged their support to the new naira design policy with a call on CBN to ensure enough circulation of the new notes or recirculate the old ones to alleviate sufferings.

Also addressing newsmen, Lagos State Governor, Babajide Sanwo-Olu, Sanwo-Olu, on his part said that the Chairman of the Independent National Electoral Commission, Mahmood Yakubu, and Inspector General of Police, briefed the council on a state of preparedness for the 2023 general elections, and assured that they were fully prepared.

The Attorney General of the Federation and Minister of Justice, Abubakar Malami, agreed to the policy but raised concerns about the implementation.

Malami said: “We are on course as far as election preparedness is concerned.”

Those in attendance included former heads of state and president Gen. Yakubu Gowon (retd), Gen. Abdulsalami Abubakar (retd) and Goodluck Jonathan, while former President, Olusegun Obasanjo, joined the meeting online.

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