By Collins Olayinka and Matthew Ogune (Abuja)
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has insisted that the apex bank and the Nigerian Security Printing and Minting Company Plc (NSPMC) have the capacity to meet the currency needs of Nigerians.
Speaking through the bank’s Director, Corporate Communications, Osita Nwanisobi via a statement issued in Abuja yesterday, Emefiele denied ever saying in his presentation to the National Council of State at its meeting on Friday that the minting firm had material shortage.
The CBN maintained that what Emefiele told the meeting was that the NSPMC was working on printing all denominations of the Naira to meet the transaction needs of Nigerians.
While the CBN said it appreciates the concerns shown by all stakeholders about the distribution of the Naira, it is however alarmed at the extent to which vested interests are attempting to manipulate facts and pitch the public against the Bank.
“For the avoidance of doubt, the CBN remains committed to performing its monetary policy functions, as stipulated in the CBN Act, 2007, as amended. We also wish to restate that the NSPMC has the capacity and enough materials to produce the required indent of the Naira,” the statement said.
The bank appealed to the public to disregard the said report inn the media and exercise more restraint, even as the bank work assiduously to increase the circulation of the new notes in the country.
Source: The Guardian
