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36 State Governors To Meet Central Bank Governor, Emefiele Over New Naira Notes, Approaching Deadline

Emefiele
January 18, 2023

SaharaReporters noted that the CBN directed that the old naira notes would cease to be operational by January 31, 2023, a development which Nigerians and stakeholders are not comfortable with, considering the unavailability of the new naira notes.

The 36 state governors have invited the governor of the Central Bank of Nigeria, Godwin Emiefele, for a meeting on Thursday over issues relating to the new naira notes introduced by the CBN.

SaharaReporters noted that the CBN directed that the old naira notes would cease to be operational by January 31, 2023, a development which Nigerians and stakeholders are not comfortable with, considering the unavailability of the new naira notes.

The Nigeria Governors’ Forum spokesman, Abdulrazaque Bello-Barkindo, disclosed in a statement issued on Tuesday that the governors would be meeting with Emefiele.

Mr Bello-Barkindo said the meeting, according to the invitation issued to Mr Emiefele by the NGF chairman, Governor Aminu Tambuwal, would commence at 9pm prompt.

“Issuing the invitation, the Nigeria Governors Forum Director General, Mr Asishana Bayo Okauru, said the agenda is on the recent CBN policy of redesigning the naira notes,” said the statement.

The CBN announced the initial decision to redesign the naira on October 26, 2022, while it also set January 31, 2023, as the deadline for the old note to serve as legal tender.

The NGF said the virtual meeting agenda is titled “The Economic and Security implications of naira redesign and withdrawal policy.”

“The discussion promises to foster participation and dialogue between various stakeholders, including governments and civil society organisations, to come out with a solution to the lingering issue,” the statement added.