Newsroom Nigeria
  • Home
  • About Us
  • Advert Rates
Friday, September 22, 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

WORKS MINISTER TOURS ROADS IN ABUJA , KOGI , EDO, PLEDGES TO WORK ON LOKOJA-ABUJA ROAD

STRIKE: LABOUR MINISTER INVITES NLC FOR MEETING TOMORROW

Ministry of Information, National Orientation, Public Complaints Commission Partner to Reorient Nigerians

TINUBU APPROVES ESTABLISHMENT OF PRESIDENTIAL COMMITTEE TO ADDRESS HERDERS / FARMERS CLASHES

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

WORKS MINISTER TOURS ROADS IN ABUJA , KOGI , EDO, PLEDGES TO WORK ON LOKOJA-ABUJA ROAD
Across the Nation

WORKS MINISTER TOURS ROADS IN ABUJA , KOGI , EDO, PLEDGES TO WORK ON LOKOJA-ABUJA ROAD

September 19, 2023
STRIKE: LABOUR MINISTER INVITES NLC FOR MEETING TOMORROW
Across the Nation

STRIKE: LABOUR MINISTER INVITES NLC FOR MEETING TOMORROW

September 17, 2023
Ministry of Information, National Orientation, Public Complaints Commission Partner to Reorient Nigerians
Across the Nation

Ministry of Information, National Orientation, Public Complaints Commission Partner to Reorient Nigerians

September 17, 2023
TINUBU APPROVES ESTABLISHMENT OF PRESIDENTIAL COMMITTEE TO ADDRESS HERDERS / FARMERS CLASHES
Across the Nation

TINUBU APPROVES ESTABLISHMENT OF PRESIDENTIAL COMMITTEE TO ADDRESS HERDERS / FARMERS CLASHES

September 15, 2023
FG WILL WORK WITH GOVS TO HARNESS SOLID MINERAL RESOURCES – ALAKE
Across the Nation

FG WILL WORK WITH GOVS TO HARNESS SOLID MINERAL RESOURCES – ALAKE

September 15, 2023
TINUBU APPOINTS  ADEDEJI, FORMER OYO FINANCE COMMISSIONER AS ACTING FIRS CHAIRMAN
Across the Nation

TINUBU APPOINTS ADEDEJI, FORMER OYO FINANCE COMMISSIONER AS ACTING FIRS CHAIRMAN

September 14, 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 *

#JUSTICEFORMOBHAD: LAGOS POLICE SPEAK ON CROWD DISPERSAL AT LEKKI

#JUSTICEFORMOBHAD: LAGOS POLICE SPEAK ON CROWD DISPERSAL AT LEKKI

September 22, 2023
TINUBU WOOS AMERICAN INVESTORS, RINGS CLOSING BELL AT NASDAQ

TINUBU WOOS AMERICAN INVESTORS, RINGS CLOSING BELL AT NASDAQ

September 21, 2023
Digital Divide will lead to Societal Divide – Elumelu Speaks at UNGA

Digital Divide will lead to Societal Divide – Elumelu Speaks at UNGA

September 21, 2023
NACCIMA Announces World Coffee and Tea Expo 2023

NACCIMA Announces World Coffee and Tea Expo 2023

September 21, 2023
HEDA Demands Release of Erstwhile Kano Anti-corruption Boss

Stakeholders Call on FG to Confirm Acting Auditor-General

September 21, 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