Naira scarcity: Council of State asks CBN to print more notes or recirculate old ones

The Council, however, backed the naira redesign policy of the CBN, but advised Godwin Emefiele, governor of the bank, to make new notes available or recirculate old banknotes to ease the suffering of Nigerians.

Briefing State House correspondents at the end of the Council meeting, presided over by President Muhammadu Buhari on Friday, Darius Ishaku and Babajide Sanwo-Olu, governors of Taraba and Lagos states, respectively, alongside the Attorney General of the Federation and Minister of Justice, Abubakar Malami, said generally the policy was accepted by members of the Council but concerns were raised about its implementation.