Newsroom Nigeria
  • Home
  • About Us
  • Advert Rates
Saturday, April 1, 2023
  • Login
Advertisement
  • Home
  • News
  • Business
  • Politics
  • Sports
  • Entertainment
No Result
View All Result
  • Home
  • News
  • Business
  • Politics
  • Sports
  • Entertainment
No Result
View All Result
Newsroom Nigeria
No Result
View All Result

OBASANJO, JONATHAN, ABDUSALAMI, OTHERS BACK BUHARI ON NAIRA DESIGN, ASK CBN TO CIRCULATE MORE CASH

Relating to the naira re-designed policy, the policy stands, but then the Council agreed that there is need for aggressive action on the part of the Central Bank

Newsroom Nigeria by Newsroom Nigeria
February 10, 2023
Reading Time: 2 mins read
OBASANJO, JONATHAN, ABDUSALAMI, OTHERS BACK BUHARI ON NAIRA DESIGN, ASK CBN TO CIRCULATE MORE CASH
Share on FacebookShare on Twitter

The National Council of State has backed the Federal Government’s new monetary policy but tasked the Central Bank of Nigeria (CBN) to take urgent steps to arrest the scarcity of cash across the nation.

CBN Governor Godwin Emefiele was advised to make new naira notes available or re-circulate old naira notes to ease the suffering of Nigerians.

Attorney-General of the Federation and Minister of Justice, Abubakar Malami accompanied by Governors Babajide Sanwo-Olu(Lagos) and Darius Ishaku (Taraba) briefed reporters with presidential spokesman Femi Adesina on outcomes of the meeting.

This Might Also Interest You

GROUP SETS AGENDA FOR TINUBU, TASKS HIM TO FIGHT CORRUPTION

IWUANYAWU HAS GIVEN POLITICAL CONTENT TO IPOB’S PLOT TO ATTACK YORUBA PEOPLE – GROUP

CALL FOR INTERIM GOVERNMENT IS TREASON – GROUP

FORMER UK PRIME MINISTER, RT HON BORIS JOHNSON MP SET TO DELIVER ANYIAM-OSIGWE LECTURE

Disclosing the final resolutions of the meeting, Malami said the two major issues deliberated were the level of preparedness for the general elections, for which he ssid the Chairman of the Independent National Electoral Commission (INEC), Professor Mahmood Yakubu, and the Inspector-General of Police (IGP), Alkali Baba assured of adequate readiness.

He said the briefing on the new monetary policy, including the re-designing of some categories of the naira, elicited reactions and opinions, adding that the conclusion was that the CBN should do more to ensure there is circulation of adequate cash in the system to alleviate the harsh realities trailing the policy.

“So by way of conclusion, the two major resolutions that were driven, arriving from the deliberations of the Council, are one that we are on course as far as election is concerned and we are happy with the level of preparation by INEC and the institutions.

“Two, relating to the naira re-designed policy, the policy stands, but then the Council agreed that there is need for aggressive action on the part of the Central Bank, as it relates to the implementation of the policy by way of ensuring adequate provision being made with regard to the supply of the naira in the system,” he said.

Previous Post

POLARIS BANK REWARDS CUSTOMERS AT VALENTINE

Next Post

BREAKING: COURT SACKS ABACHA AS KANO PDP GOVERNORSHIP CANDIDATE

Related Posts

TINUBU IS IN FRANCE, NO CLANDESTINE MEETING BETWEEN HIM AND CJN – APC
Across the Nation

GROUP SETS AGENDA FOR TINUBU, TASKS HIM TO FIGHT CORRUPTION

March 28, 2023
IWUANYAWU HAS GIVEN POLITICAL CONTENT TO IPOB’S PLOT TO ATTACK YORUBA PEOPLE – GROUP
Across the Nation

IWUANYAWU HAS GIVEN POLITICAL CONTENT TO IPOB’S PLOT TO ATTACK YORUBA PEOPLE – GROUP

March 26, 2023
2023: POLICE TRAINS OFFICERS TO COMBAT CULTISM, KIDNAPPING, ELECTORAL VIOLENCE
Across the Nation

CALL FOR INTERIM GOVERNMENT IS TREASON – GROUP

March 23, 2023
FORMER UK PRIME MINISTER, RT HON BORIS JOHNSON MP SET TO DELIVER ANYIAM-OSIGWE LECTURE
Across the Nation

FORMER UK PRIME MINISTER, RT HON BORIS JOHNSON MP SET TO DELIVER ANYIAM-OSIGWE LECTURE

March 10, 2023
INEC Declares Asiwaju Bola Ahmed Tinubu President Of Nigeria
Across the Nation

INEC Declares Asiwaju Bola Ahmed Tinubu President Of Nigeria

March 1, 2023
A new book, ‘Asiwaju: The Leadership Secrets’ set to be unveiled
Across the Nation

A new book, ‘Asiwaju: The Leadership Secrets’ set to be unveiled

February 24, 2023
Next Post
BREAKING: ARIWOOLA TO REPLACE TANKO MUHAMMED AS CHIEF JUSTICE OF NIGERIA

BREAKING: COURT SACKS ABACHA AS KANO PDP GOVERNORSHIP CANDIDATE

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

FIRSTBANK WINS BEST BANK IN NIGERIA AND BEST BANK IN DIGITAL TRANSFORMATION NIGERIA 2022

FIRSTBANK ANNOUNCES NAME CHANGE OF ITS SUBSIDIARIES, REITERATES COMMITMENT TO BOOSTING CROSS-BORDER BUSINESS OPPORTUNITIES 

March 31, 2023
N50million Bribe: Appeal Court Jails Two Chinese Nationals Six Years Each

N50million Bribe: Appeal Court Jails Two Chinese Nationals Six Years Each

March 31, 2023
FASORANTI VS ADEBANJO: TINUBU’S VICTORY SPLITS AFENIFERE

FASORANTI VS ADEBANJO: TINUBU’S VICTORY SPLITS AFENIFERE

March 31, 2023
Union Bank and CIG Motors Announce Partnership

Union Bank and CIG Motors Announce Partnership

March 31, 2023
HOW THE BLACK MARIA CONVEYING DIYA TO EXECUTION GROUND MYSTERIOUSLY BROKE DOWN

HOW THE BLACK MARIA CONVEYING DIYA TO EXECUTION GROUND MYSTERIOUSLY BROKE DOWN

March 30, 2023
  • Home
  • About Us
  • Advert Rates

© 2022 Newsroom Nigeria is published by Newsroom Communication Services, a Media and Communication Company.

No Result
View All Result
  • Home
  • News
  • Business
  • Politics
  • Sports
  • Entertainment

© 2022 Newsroom Nigeria is published by Newsroom Communication Services, a Media and Communication Company.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In