Naira Scarcity: Buhari Summons Emefiele, Tambuwal Others To Aso Rock

• Buhari has summoned the CBN governor Emefiele, Tambuwal and others to the Aso Rock.

• The meeting was held amid the scarcity of naira notes which had elicited protests in various parts of the country.

• Buhari had implored Nigerians to give him a seven-day window which lapses on February 10 to resolve the currency crunch.

EKO HOT BLOG reports that President Muhammadu Buhari Tuesday held a closed-door meeting with the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, Chairman of the Nigerian Governor’s Forum, Aminu Tambuwal over the scarcity of Naira notes.

The meeting which was held at the State House Abuja came amid protests in many parts of the country over the unavailability of Naira notes.

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Chairman of the Progressive Governor’s Forum, Atiku Bagudu, the Chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa; as well as the Chief of Defence Staff, Gen Lucky Irabor also attended the meeting at the State House, Abuja.

It would be recalled that last Friday, the President had implored citizens to give him a seven-day window which lapsed on February 10 to resolve the currency crunch that had emanated from the implementation of the Central Bank policy to change high-value Naira notes with newly designed ones after a meeting with the All Progressives Congress (APC) governors.

Buhari had equally assured that he would be meeting with both the CBN and the Security and Minting Company and a decision would be taken based on current realities in the best interest of the people.

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The governors of the ruling party had asked that the President directed an adequate injection of the new notes and the continued utilisation of the old ones until the end of the year to cushion the negative effects that the policy decision to redesign the currency had on their constituencies.

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