Naira Policy: Council of State backs Naira Redesign Policy

Written by on February 10, 2023

The Council of State meeting convened by President Muhammadu Buhari today, at the Presidential Villa came to an end with most of the participants backing the Federal Government’s naira redesign policy.

The meeting which had the Vice President, Prof. Yemi Osinbajo, former President Goodluck Jonathan, former Head of State, Abdulsalami Abubakar and General Yakubu Gowon in attendance physically, however, advised Buhari to consider making the old naira notes available in the interim if the Central Bank of Nigeria, the policy implementer cannot readily make the new naira notes available to the citizens.

Taraba State Governor, Darius Ishaku, his counterpart, the Governor of Lagos State, Babajide Sanwo-Olu including the Attorney General of the Federation and Minister of Justice, Abubakar Malami took turns to reveal part of what transpired at the meeting.

Ishaku said the Council of State members made it clear that the policy is accepted and has come to stay but that the resistance of the populace to its introduction was also not misplaced.

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