NAIRA REDESIGN: Emefiele Meets with 36 State Govs

Godwin Emefiele, the governor of the Central Bank of Nigeria (CBN), will meet the 36 governors of Nigeria on Thursday, January 19, over the new monetary policy of the apex bank.

The Nigeria Governors’ Forum through its spokesperson, Abdulrazaque Bello-Barkindo, stated this in a statement on Tuesday night, January 17.

According to Bello-Barkindo, the meeting was targeted to exchange ideas with the CBN governor on the security and economic implications of the withdrawal policy and naira redesign of the apex bank.

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Recall that the CBN under Emefiele’s leadership announced its decision to redesign the naira notes on October 26, 2022.

It then asked Nigerians to change their naira notes from the banks latest by January 31.

On Tuesday, the CBN began reminding Nigerian via text messages about the aforementioned deadline.

Barkindo said the chairman of the NGF and Sokoto state governor, Aminu Tambuwal, has invited Emefiele to virtually join the governors on Thursday by 9 pm.

The spokesperson indicated that the virtual meeting would dwell on the new policy of the apex bank’s withdrawal and naira redesign.

The statement reads in part:

“The discussion promises to foster participation and dialogue between various stakeholders including governments and civil society organisations to come up with a solution to the lingering issue.”