On Friday, the National Council of State expressed its support for the Federal government’s naira redesign policy but called on the Central Bank of Nigeria (CBN) to ensure adequate supply of cash to curb sufferings by the citizens.
The Attorney General of the Federation and Minister of Justice, Abubakar Malami, revealed this to State House correspondents shortly after the council meeting at the Presidential Villa, Abuja.
According to him, two major resolutions – Naira redesign and the 2023 general elections were reached during the meeting.
“The two major resolutions that were driven arising from the deliberation of are one: that we are on course as far as election is concerned, and we are happy with the level of preparation by INEC and the institutions.
“Two, relating to the Naira redesign policy, the policy stands but then the council agreed that there is a need for aggressive action on the part of the CBN as it relates to the implementation of the policy by way of ensuring adequate provision being made with particular regard to the supply of the Naira in the system,” he said.
