Godwin Emefiele, the Central Bank of Nigeria (CBN) Governor,
on Tuesday, appealed to lawmakers and Nigerians to demonstrate understanding,
insisting that the apex bank was out to fight the incidence of insecurity in
Nigeria.
Emefiele also claimed that the incident of kidnapping and
banditry has reduced amid the Naira redesign.
He stated this during the call in Abuja before the House of
Representatives’ fact-finding ad hoc committee on the scarcity and the deadline
for the old Naira notes.
Emefiele urged those affected by the policy to bear with the
apex bank, while urging Nigerians to comply with all directives.
He said, “At this initial stage, there will be hitches, but
it’s to make the Nigerian economy better and stronger.
“The redesigned naira notes and CBN’s cashless policy has
moderated inflation in the country and curtailed the activities of kidnappers
and bandits.
“Inflation is moderating, the exchange rate is stable, and
we’re hoping that the naira can be stronger.”
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