Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele, on Thursday, assured Nigerians that the new naira policy will not affect the 2023 elections.
Emefiele gave this assurance at the State House in Abuja shortly after members of the House of Representatives Ad-hoc Committee on cashless policy and Naira swap met with President Muhammadu Buhari.
The CBN boss explained that the cashless policy was a global policy. “Nigeria must go cashless. It is a global policy, checking insecurity and fighting corruption,” he said.
He added that senior officers at the CBN had all been sent out, complimented by “super agents,” to take new currencies to unbanked rural populations, expressing optimism that the problems he described as “temporary, passing” will go away in no distant future.
He said he had met 15 top banks earlier in the day in an effort to resolve prevailing problems and will do so again later in the evening, assuring that “we are at the end of the problem.”
He also promised that by the end of February, CBN will bring into circulation between N700-N800 billion, well in excess of what is needed to run the economy.
