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Godwin Emefiele, governor of the Central Bank of Nigeria (CBN) on Thursday gave a firm promise that the apex bank will not be a problem with the 2023 election and future polls, and that the forthcoming elections will hold successfully as far as the bank is concerned.
Emefiele spoke at the State House in Abuja shortly after members of the House of Representatives Ad-hoc Committee on cashless policy and Naira swap met with President Muhammadu Buhari.
The CBN Governor explained that the cashless policy was a global policy. “Nigeria must go cashless. It is a global policy, checking insecurity and fighting corruption,” he said.
He added that senior officers at the CBN had all been sent out, complimented by “super agents,” to take new currencies to unbanked rural populations, expressing optimism that the problems he described as “temporary, passing” will go away in no distant future.
He stated that he had met 15 top banks earlier in the day in an effort to resolve prevailing problems and will do so again later in the evening, assuring that “we are at the end of the problem.”
He also gave the promise that by the end of February, CBN will bring into circulation between N700-N800 billion, well in excess of what is needed to run the economy.
