Council of State backs CBN’s new cashless policy
The Council of State meeting presided over by President Muhammadu Buhari has thrown its weight behind the cashless policy recently introduced by the Central Bank of Nigeria (CBN).
The meeting which had in attendance erstwhile heads of state and president; Yakubu Gowon, Abdulsalami Abubakar, and Goodluck Jonathan, however, asked the CBN governor, Godwin Emefele, to ensure the new naira notes are available or recirculate the old notes to ease the current hardship in the country.
In a joint briefing after the hybrid meeting, the governor of Taraba, Darius Ishaku, hinted that the CBN’s policy was accepted by members.
He added that concerns were however raised about its implementation especially as the general elections draw nearer.
“The CBN was advised to make money available in quantum. The old money can also be recirculated to ease the suffering of the poorest of the poor,” Mr Ishaku.
Former President, Olusegun Obasanjo, joined the meeting online.
Ex-Chief Justice of the Federation, Alfa Belgore and Mahmud Muhammad, were also in attendance.
More details later…
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
States
Independence: NBA urges Nigerians to expect better future
The NBA said that ordinary Nigerians should be deriving benefit from the subsidy removal rather than hardship.
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
Sport
Nigeria’s Future Eagles arrive in Azerbaijan for inaugural FIFA U-15 World Cup
Nigeria’s Future Eagles arrived in Azerbaijan on Thursday, ahead of the first edition of the FIFA Under-15 World Cup and Festival, holding from October 22 to 31.
Economy
Businesses seek easier Nigeria-China payments as Cardoso meets investors
Business leaders operating between Nigeria and China have called for more efficient cross-border payments and stronger banking ties.
Rights
EU’s Sakharov Prize awarded to International Criminal Court
The European Union has awarded its 2026 Sakharov Prize for Freedom of Thought to the International Criminal Court (ICC).
Politics
Gov Alia inaugurates Tinubu’s door-to-door campaign funded by Tompolo
Mr Alia inaugurated President Bola Tinubu’s Door-to-Door Movement campaign ahead of the 2027 elections, donating 25 vehicles to support its activities.
Africa
Nigeria: WHO investigators pursue all leads to assess risk of Ebola spread
Nigeria is the fifth country this year after DRC, France, Uganda, and Kenya to confirm the presence of Ebola disease caused by the Bundibugyo virus.
States
Nigeria’s floods killed 245 people, displaced over 200,000, says NEMA
NEMA said flooding affected 673,350 people across 134 local government areas in 28 states, displacing 214,997 and killing 245 as of October 20.
