The Nigerian Governors Forum (NGF),says it was not opposed to the redesigned notes of the Central Bank of Nigeria,CBN,inspite of the
huge challenges that remain problematic to Nigerians.
They expressed the need for the Central Bank of Nigeria to consider the peculiarities of states especially as they pertain to financial inclusion and under-served locations.
The governors disclosed this in a communiqué issued at the end of NGF’s first meeting in 2023,where they received a briefing from the Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, on the Naira redesign, its economic and security implications including the new withdrawal policy.
In the communiqué signed by Rt. Hon. Aminu Waziri Tambuwal, Chairman of Nigeria Governors’ Forum and Governor of Sokoto State and made available to journalists on Saturday, 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.
They also resolved to collaborate 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’s legal remit and mandate.
They set up a 6-member Committee to be chaired by the Governor of Anambra State, Professor Charles Soludo and the Governors of Akwa Ibom, Ogun, Borno, Plateau and Jigawa as members, to engage the CBN in addressing anomalies in the country’s monetary management and financial system.
