{"id":102655,"date":"2023-01-21T17:49:46","date_gmt":"2023-01-21T16:49:46","guid":{"rendered":"https:\/\/pointblanknews.com\/pbn\/?p=102655"},"modified":"2023-01-21T17:49:46","modified_gmt":"2023-01-21T16:49:46","slug":"naira-redesign-policy-governors-set-up-committee-to-interface-with-cbn","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/news\/naira-redesign-policy-governors-set-up-committee-to-interface-with-cbn\/","title":{"rendered":"Naira Redesign Policy: Governors set up committee to interface with CBN"},"content":{"rendered":"
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\nTHE thirty- six State Governors under the aegis of Nigeria Governors\u2019 Forum, NGF has constituted saddled with the responsibility of\u00a0interfacing with the Central Bank of Nigeria, CBN on the Naira redesign and\u00a0 withdrawal policy put in place by\u00a0 the apex bank.<\/p>\n

The Committee which is chaired by former Governor of CBN and the Anambra State Governor, Professor Charles Soludo has\u00a0Governors Udom Emmanuel of\u00a0 Akwa Ibom; Dapo Abiodun of Ogun; Babagana Zulum of Borno; Simon Lalong of Plateau and Badaru Abubakar of Jigawa States as members.<\/p>\n

In a Communique issued on Saturday at the end of its virtual meeting held with the CBN Governor, Godwin Emefiele on Thursday night,\u00a0Chairman of NGF and Sokoto State Governor, Aminu Tambuwal said that the State Governors urged the\u00a0CBN to consider the peculiarities of States especially as they pertain to financial inclusion and under-served locations.<\/p>\n

The Governors have also observed that there are huge challenges that remain problematic to the Nigerian people.<\/p>\n

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.<\/p>\n

Recall that CBN had in November last year\u00a0 announced to Nigerians that naira notes of N1,000, N500 and N200 denomination would be re designed into new colours with attendant withdrawal of old notes from circulation from December 15, 2022 to January 31, 2023 when they will no longer become legal tender.<\/p>\n

The Communique read, \u201cWe, the members of the Nigeria Governors\u2019 Forum (NGF), received a briefing from the Governor of the Central Bank of Nigeria, Mr Godwin Ifeanyi 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.<\/p>\n

\u201cHowever, 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 pertain to financial inclusion and under-served locations and resolved to: Work closely with the CBN leadership to ameliorate areas that require policy variation particularly the poorest households, the vulnerable in society and several other citizens of our country that are excluded.<\/p>\n

\u201cCollaborate with the CBN and the Nigerian Financial Intelligence Unit (NFIU) in advancing genuine objectives within the confines of our laws, noting that the recent NFIU Advisory and Guidelines on cash transactions were simply outside the NFIU\u2019s legal remit and mandate.<\/p>\n

\u201cFinally set up a 6-member Committee to be Chaired by the Governor of Anambra State, Professor Charles Soludo and the Governors of the following States: Akwa Ibom, Ogun, Borno, Plateau and Jigawa as members, to engage the CBN in addressing anomalies in the country\u2019s monetary management and financial system.\u201d<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n

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THE thirty- six State Governors under the aegis of Nigeria Governors\u2019 Forum, NGF has constituted saddled with the responsibility of\u00a0interfacing with the Central Bank of Nigeria, CBN on the Naira…<\/p>\n","protected":false},"author":1,"featured_media":102656,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[5],"tags":[],"class_list":["post-102655","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nNaira Redesign Policy: Governors set up committee to interface with CBN - Pointblank News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pointblanknews.com\/pbn\/news\/naira-redesign-policy-governors-set-up-committee-to-interface-with-cbn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Naira Redesign Policy: Governors set up committee to interface with CBN - 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