Mr Emefiele pledged CBN’s flexibility to make the necessary adjustments to ensure wider public acceptance of its policies.
Two weeks ago, the CBN lowered the weekly over-the-counter cash withdrawal limit for individuals to N100,000 and for corporate organisations to N500,000.
Economists have urged CBN to take firm control of the quantity of the redesigned naira notes it would release into circulation to avoid hoarding and counterfeiting.
“The policy will most certainly take away the jobs of thousands of young people operating POS at a time Nigeria is battling serious unemployment.”
Senate’s resolution followed the adoption of recommendations of the Committee on Banking, Insurance and other Financial Matters on the recent policy of CBN on cash withdrawal limits.
Those who spray or step on the naira, especially at social gatherings, are liable to six months imprisonment or a fine of N50,000.
Financial expert Samuel Nzekwe said on Thursday, urging the federal government to intensify efforts in providing critical infrastructure.
Individuals and corporate entities, beginning from January 9, 2023, will now be entitled to N100,000 and N500,000 per week, respectively.
Other elements of the finance bill include chargeable assets, the exclusion of losses, and the replacement of corporate assets.
NDIC said it has a strong safety net system in collaboration with the CBN.
