Official: Council Of State Supports Naira Redesign Policy, Wants ‘Cash’ Circulation


The National Council of State has declared its support for the naira redesign policy of the federal government, an officer has said.

Abubakar Malami, Nigeria’s attorney-general, said this while addressing correspondents at the end of the council’s meeting at the State House, Abuja.

He said the council supported the policy but charged the central bank to do further to make the new naira notes available across the country. “

Relating to the Naira redesign policy, the policy stands but also the council agreed that there’s need for aggressive action on the part of the CBN as it relates to the implementation of the policy by way of ensuring acceptable provision being made with particular regard to the supply of the Naira in the system, ”he said.

Mr Malami did not, howbeit, say whether the council called for an extension of the 10 February deadline for the use of the old naira notes.

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AFLM reported that Friday’s meeting was presided by President Muhammadu Buhari and attended by at least four former Nigerian leaders.

Vice President Yemi Osinbajo, many state governors and the presiding officers of the National Assembly were also at the meeting.

AFLM learnt that some of the attendees at the meeting were displeased with how the council talked over the naira dissension .

A governor was heard telling his colleagues in Hausa that “Since they stopped us from talking inside (the meeting), let’s go and talk outside( to the press).


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