Council of State backs CBN policy

 

           Council of State during a meeting

The National Council of State, on Friday, in Abuja backed the central bank’s new naira policy.

This was as it advised the President, Major General Muhammadu Buhari (retd.), and the apex bank chief, Godwin Emefiele, to either intensify the printing of new notes or recirculate the old ones to ease the hardship of Nigerians occasioned by the policy.

The country’s highest advisory organ also insisted that the general elections will be held as scheduled based on the​​ readiness of the Independent National Electoral Commission and the Nigeria Police.

The Minister of Justice and Attorney-General of the Federation, Abubakar Malami, disclosed this to State House correspondents after the four-hour hybrid meeting at the Aso Rock Villa, Abuja.

Malami said the council received briefing from the chairman of INEC, the IGP and the CBN governor.