Council of State meeting ends in Abuja, backs Naira redesign policy, aggressive implementation action
By OUR REPORTER
The National Council of State on Friday threw its weight behind the Federal government’s naira redesign policy with a call on the Central Bank of Nigeria (CBN) to ensure an adequate supply of cash.
The Attorney General of the Federation and Minister of Justice, Abubakar Malami, revealed this while briefing correspondents at the end of the council meeting at the Presidential Villa, Abuja.
He said it is part of the two major resolutions reached by the council, the other being that the country is on course for the conduct of the general elections.
He said: “The two major resolutions that were driven arising from the deliberation of 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 redesign policy, the policy stands but then the council agreed that there is a need for aggressive action on the part of the CBN as it relates to the implementation of the policy by way of ensuring adequate provision being made with particular regard to the supply of the Naira in the system.”
More details to come later…
