The National Council of State on Friday backed the Federal government’s naira redesign policy but called 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 reporters at the end of the council meeting at the Presidential Villa, Abuja.
The meeting, presided over by President Muhammadu Buhari had all living past presidents and heads of state in attendance, as well as governors from the 36 states.
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Malami said that support for the naira redesign policy 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 the Council 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.”
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.