By Ayodele Oni
The Council of State has endorsed the naira redesign policy but with a caveat that the Governor of Central Bank of Nigeria (CBN) Godwin Emefiele, should make new Naira notes available or recirculate the old notes to ease the suffering of Nigerians.
The hybrid meeting, was presided over by President Mohammadu Buhari, and lasted for over four hours, at the Council Chambers, Presidential Villa, Abuja.
In attendance were former Heads of State, Gen. Yakubu Gowon (retd), Gen. Abdulsalami Abubakar (retd) and Goodluck Jonathan, while former President, Olusegun Obasanjo, joined the meeting online.
Two former Chief Justices of the Federation, Alfa Belgore and Mahmud Muhammad, were also in attendance.
Briefing State House correspondents at the end of the meeting, Governors of Taraba, Darius Ishaku , Lagos, Babajide Sanwo-Olu, and the Attorney General of the Federation and Minister of Justice, (AGF) Abubakar Malami, said generally the policy was accepted by members but raised concerns about the implementations.
Ishaku 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.”
Sanwo-Olu, on his part stated that Chairman of the Independent National Electoral Commission (INEC), Mahmood Yakubu, and Inspector General of Police (IGP), briefed the council on state of preparedness for the 2023 general elections, and assured that they were fully prepared.
Malami said: “We are on course as far as election preparedness is concerned.”
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