By Temitope Hassan
President Muhammadu Buhari has met with the Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele at the Presidential Villa Abuja.
Emefiele saw the President privately for the third time since the cash crisis escalated across the country. He however did not speak to journalists as he left the Villa
The reason for the visit was not known as of the time of filing this report. It was however believed to be in connection to finding solutions to the cash crisis.
Recall that in December 2022, the Godwin Emefiele-led CBN introduced the new notes amid efforts to fight corruption, terrorism, counterfeiting, and related crimes, with a January 31, 2023 deadline.
However, Nigerians have had a hard time getting the new notes amid scarcity and rising tension across the country, forcing the apex bank to extend the deadline by 10 days, which was due February 10, 2023.
President Buhari had on February 3, 2023, implored Nigerians to give him seven days to resolve the cash crunch that has become a problem across the country from the policy of the CBN.
The president made the call while speaking to the Progressive Governors Forum (PGF) who paid him a visit to seek solutions to the cash crunch, which they said was threatening the good records of the administration in transforming the economy.
Buhari, in a statement by his spokesman, Malam Garba Shehu, noted that he had seen television reports on cash shortages and hardship to local businesses and ordinary people and gave assurances that the balance of seven of the 10-day extension would be used to crack down on whatever stood in the way of its successful implementation.
There has been a flurry of suits at the Supreme Court by some state governors, challenging the apex bank’s policy over the hardship the policy has brought on the people.
The apex court had issued an order asking the CBN and the federal government not to go ahead with the implementation of the policy pending the determination of substantive suits before it.
Source: intelregion
Thank you for your sharing. I am worried that I lack creative ideas. It is your article that makes me full of hope. Thank you. But, I have a question, can you help me?