Godwin Emefiele, governor of the Central Bank of Nigeria
(CBN), says the CBN will not be used a means to frustrate the forthcoming
general election.
Emefiele spoke on Tuesday during a meeting with Mahmood Yakubu,
chairperson of the Independent National Electoral Commission (INEC), at the CBN
headquarters in Abuja.
The meeting comes amid concerns over the current naira
scarcity.
Speaking at the meeting, Yakubu said while service providers needed for elections are generally paid by electronic transfer, there are critical areas such as transportation and emergency situations where cash payments will be required.
“In view of the
recent policy, involving the redesign of some denominations of our national
currency, and the limits placed on cash withdrawals and availability, we
consider this meeting important in addressing some of the areas of concern with
just 17 days to the 2023 general election,” he said.
“We are confident that arising from this meeting, we can
assuage the anxiety expressed by some of our service providers.
“We’re determined to make the 2023 general election one of
the best organised elections in Nigeria but we cannot do it alone.”
Responding, Emefiele said the CBN remains committed to
supporting INEC towards ensuring credible polls.
“Just a few months ago, I visited your office and you raised
the issue of how foreign exchange can be procured for you to import other forms
of election materials that needed to be imported,” he said.
“And I gave you my word that foreign exchange will be
provided for that purpose. I sit here to confirm that as at today, not one
dollar is owed. All dollars needed to procure those materials have been
provided.
“Now, this issue of paying logistics for people who are
going to be transporting election materials to wards, certainly I give it to
you that because we regard the INEC project as an urgent national assignment,
it cannot fail.
“The central bank
will not allow itself either to be used or to be seen as an agent that
frustrated positive outcome of the election.
“I give you the commitment that if in this case, after
making your electronic payment you require some money to pay transporters, in
this case cash, we will make it available.
“I will make sure that we will not allow ourselves to be
seen as an agent that frustrated a positive outcome of the election.”
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