Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has appealed to Nigerians to allow the Naira redesign policy of the government to work.
Speaking with newsmen on Thursday after meeting with President Muhammadu Buhari and House Ad-hoc committee on naira re-design and swap policy at the State House, Abuja, the CBN Governor said allowing the currency swap to work will go a long way to help the nation’s economy.
Emefiele also stated that he has met with 15 bank executives and directed them to make the N200 notes available immediately.
Aslo​ speaking Chairman of the House Special Ad-hoc Committee on Cashless Policy, Naira Redesign and Currency Swap and Leader of the House, Hon Ado Doguwa, emphasised that going into election without hard cash will put members of the National Assembly at a disadvantage irrespective of the political party they belong.
He affirmed that each member of the House of Representatives is entitled to N70 million cash to pay polling agents and for other election running costs, saying if they have no hard cash, they will be disadvantaged in the exercise.
Doguwa explained that his committee was mandated by the House and by extension, the National Assembly, to interface with the president and the CBN on the implementation of the policy.
Recall that the House of Representatives is currently on break to observe the forthcoming elections but the adhoc committee is mandated to continue to interface with the CBN, ministry of finance and other agencies concerned with the new monetary regime to cushion the effect on Nigerians.
