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
Chelle invites 31 players ahead of U-23 AFCON qualifier against DR Congo
The team list was posted on the Super Eagles’ X handle on Thursday.
Rights
Alleged Christian Genocide: Nigeria awaits UN verdict on religious freedom
The forthcoming report is expected to provide the expert’s assessment and recommendations after examining religious freedom in Nigeria.
States
Kaduna-Kano Rail: FG assures Zaria residents of compensation
The transport ministry’s permanent secretary gave the assurance on Thursday during a courtesy visit to the Emir of Zazzau, Ahmad Bamalli, at his palace.
Hot news Home top
Nollywood actor Francis Duru dies at 57, AGN mourns
The actor’s family broke the news of his death.
Heading 2
U.S. warns Americans of insecurity as France prepares for weekend protests
In a security alert on Thursday, the embassy said protests were planned for Saturday and Sunday and warned that demonstrations could turn violent and disrupt movement.
