ASHENEWS reports that the Nigeria Governors’ Forum (NGF) has set up a six- member committee to work with the Central Bank of Nigeria (CBN) to address some issues in the country’s monetary management and financial system.
This online platform further reports that the decision followed a virtual meeting held with the CBN Governor, Mr Godwin Emefiele on Thursday night.
According to a communique signed by the chairman of the Forum and governor of Sokoto state, Aminu Tambuwal issued on Saturday, the committee is chaired by Anambra state governor, Prof. Charles Soludo, with Akwa Ibom, Ogun, Borno, Plateau, and Jigawa state governors as members.
The governors said that while they were not opposed to the objectives of the Naira redesign policy, the apex bank should consider the peculiarities of households and states, especially pertaining to financial inclusion and under-served locations.
“We, the members of the NGF, received a briefing from the Governor of the CBN, Emefiele, on the Naira redesign, its economic and security implications including the new withdrawal policy.
“Governors are not opposed to the objectives of the Naira redesign policy.
“However, we observe that there are huge challenges that remain problematic to the Nigerian populace.
“In the circumstances, governors expressed the need for the CBN to consider the peculiarities of states especially as they pertained to financial inclusion and under-served locations,” part of the communique reads.
The governors expressed their resolve to work closely with the CBN leadership to ameliorate areas that required policy variation, particularly the poorest households, the vulnerable in the society, and several other Nigerians that were excluded.
The governors also resolved to collaborate with the CBN and the Nigerian Financial Intelligence Unit (NFIU) in advancing genuine objectives within the confines of the laws.
They, however, insisted that the recent NFIU Advisory and Guidelines on cash transactions were simply outside the NFIU’s legal remit and mandate.
