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    Nigerian Breweries Confirms Fire at Aba Warehouse

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    Nigerian Breweries Confirms Fire at Aba Warehouse

    Nigerian Breweries Confirms Fire at Aba Warehouse

    Livingtrust Mortgage Bank Denies Nairaland Money-Laundering Allegations

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    Dangote Sugar to Raise ₦500bn via Rights Issue to Cut Debt, Fund Expansion

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    Iran Warns of $200 Oil as IEA Plans to release 400m Barrel Reserves

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    NGX Delists DN Tyre, Greif Nigeria from Official List

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    eTranzact Announces 12.5 Kobo Dividend as Profit Dips to ₦2.47 Billion in 2025

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    NGX Delists DN Tyre, Greif Nigeria from Official List

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Home News

New naira policy may affect troops in remote areas – NSA

Friday, 10 February 2023, 1:08 pm
in News, Nigeria
0
Security features of the new naira notes revealed by the CBN
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The National Security Adviser, Babagana Monguno, has expressed concern over the naira  swap policy of the Central Bank, saying it may negatively affect troops in the field.

Monguno said some soldiers are deployed where digital means of payment are not availeble.

“Globally, military operations, even in first-world countries, such policies if not well thought out will affect certain things because some of our soldiers are deployed in places where they cannot actually access digital means of paying whatever daily subsistence,” he stated.

“One of the main issues the NSA has been talking about is that this committee sits down and articulates better ways of addressing these issues and he has directed the committee in his office which I am part of to write out his position to assist the committee to meet its mandate. On a more detailed level, I will be able to talk to the committee when the press leaves.

“We actually chair the secretariat that conducts general security appraisal committee which specifically focuses on elections and other security situations that might come up from time to time. I want to also apologize on behalf of my boss who is unavoidably absent.

”He left the country yesterday on a very special meeting and because he holds this committee in very high esteem, he called and directed that I represent him. So, there is no written mandate. It was a verbal instruction that was given to me to attend this committee because he said somebody must attend. He understands the severity of the situation in the country and that is why he said someone must attend.

Ifunanya Ikueze
Ifunanya Ikueze

Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.

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