The Council of State meeting, presided over by President Muhammadu Buhari has backed the naira redesign policy but with a caveat that the Governor of Central Bank of Nigeria, Godwin Emefiele, should ensure the production of Naira notes or permit the circulation of old notes to ease the suffering of Nigerians.
In a statement after the meeting, Governor of Taraba state, Darius Ishaku said The CBN was advised to print more notes while the old notes can also be recirculated to ease the suffering of the poorest of the poor.
the meeting was attended by former Presidents Goodluck Jonathan; Yakubu Gowon, and Abdulsalami Abubakar as well as ex-President, Olusegun Obasanjo who attended virtually.
Also present at the chamber was the Vice President, Professor Yemi Osinbajo; the President of the Senate, Ahmad Lawan; Speaker of the House of Representatives, Femi Gbajabiamila.
Governors who attended include Nasir El-Rufai (Kaduna), Darius Ishaku (Taraba), Babajide Sanwo-Olu (Lagos), and Babagana Zulum (Borno). Other governors that are virtually in attendance are Ademola Adeleke (Osun), Abubakar Badaru (Jigawa), Yahaya Bello (Kogi), Atiku Bagudu (Kebbi), Dapo Abiodun (Ogun), Aminu Tambuwal (Sokoto), Simon Lalong (Plateau) and the Deputy Governors of Nasarawa and Bauchi States.
All the Service Chiefs and Heads of security agencies were also physically present.
