Members of the council of state have expressed support for the naira redesign policy of the Central Bank of Nigeria (CBN).
The council however asked Godwin Emefiele, the CBN governor, to make new naira notes available or recirculate old naira notes to ease the suffering of Nigerians.
The meeting, held on Friday at the presidential villa, was presided over by President Muhammadu Buhari.
The President chaired the National Council of State meeting to address the current upheaval regarding the naira redesign and the currency swap.
The country’s highest advisory organ also insisted that the general elections will be held as scheduled based on the readiness of the Independent National Electoral Commission and the Nigeria Police.
The Minister of Justice and Attorney-General of the Federation, Abubakar Malami, disclosed this to State House correspondents after the four-hour hybrid meeting at the Aso Rock Villa
Malami said the council received briefing from the chairman of INEC, the IGP and the CBN governor.
“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,” the AGF said
In attendance were the former Presidents Goodluck Jonathan; Yakubu Gowon, and Abdulsalami Abubakar as well as ex-President, Olusegun Obasanjo who attended virtually, Vice President, Professor Yemi Osinbajo; the President of the Senate, Ahmad Lawan and Speaker of the House of Representatives, Femi Gbajabiamila.
