The Governor, Central Bank of Nigeria CBN Mr Godwin Emefiele while obliging President Buhari’s directive to recirculate the old Naira notes, says the cashless policy is a global scheme to check insecurity and corruption.
He said Senior officers at the CBN had been deployed, complimented by super agents, to take new currencies to unbanked rural populations, expressing optimism that the problems described as temporary, passing in no distant future.
Mr. Emefiele reported that he had met 15 top banks earlier in the day in an effort to resolve prevailing problems, assuring that Nigeria was at the end of the problem.
He promised that by the end of February, CBN would bring into circulation between 700-800 billion Naira which, according to him, will be in excess of what is needed to run the economy, stating emphatically that it is not possible to put back more than three trillion Naira if the economy is to be healthy.
The CBN Governor therefore gave a firm promise that the Bank would not be a problem with elections, saying that they will hold successfully as far as the Bank is concerned.
Cov/Bello Wakili
