BREAKING: Details Of What Council Of State Advised Buhari To Direct CBN To Do On Naira Notes Scarcity Emerge

BREAKING: Details Of What Council Of State Advised Buhari To Direct CBN To Do On Naira Notes Scarcity Emerge

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

Read Also APC Postpones Presidential Campaign Rally In Kano (SEE WHY)

The Council approved the CBN’s naira redesign policy but criticized its implementation.

Read Also Students Organise S3x Party Inside Hostel Room (VIDEO)

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

Following a debriefing from CBN Governor Godwin Emefiele, Governor Ishaku stated that the Council had made a number of recommendations to the President, particularly on the currency swap challenge that had dominated discussions, and expressed the hope that Buhari would make a decision soon.

For More News Join Our WhatsApp Group With This Link Below

https://chat.whatsapp.com/HlD7kmxUzAc2lwlP7yuXzk