Cash Scarcity: Hope as Buhari Moves to Convene Important Meeting Over Rising National Crisis

Cash Scarcity: Hope as Buhari Moves to Convene Important Meeting Over Rising National Crisis

  • President Muhammadu Buhari is set to ensure that the crisis going on in the country due to scarcity of naira notes and fuel is addressed
  • The president will be meeting with leaders in key sectors of the economy, including the governor of the CBN, Godwin Emefiele
  • In addition, the president will meet with the chairman of the Independent National Electoral Commission and the Inspector General of Police to discuss plans for the 2023 polls

To address the growing challenge faced by Nigerians who seek to access the naira across banks in Nigeria, President Muhammadu Buhari has scheduled an emergency meeting with key leaders in the country.

Daily Trust reports that the meeting convened by the president will take place on Friday, February 10, and will be an opportunity for President Buhari to discuss other national issues, including fuel scarcity across Nigeria, among many others.

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Muhammadu Buhari, Naira scarcity, new naira notes
Muhammadu Buhari will meet with some key leaders on Friday, February 10. Photo: Muhammadu Buhari
Source: Depositphotos

These issues have continued to affect business and livelihood among citizens as some Nigerians have resorted to protests in various cities. At the same time, others have also been engaged in the destruction of public and private property, including banks.

Sources said that at the meeting, the governor of the Central Bank of Nigeria, Godwin Emefiele, is expected to update the president on the new currency redesign policy and its implementation.

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The meeting, gathered, is scheduled to occur at the Council Chambers, Presidential Villa, Abuja, at 10 am.

It was also gathered that with the 2023 general elections fast approaching, the chairman of the Independent National Electoral Commission (INEC), Mahmood Yakubu, and the Inspector General of Police are expected to be present at the meeting.

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In addition, the duo will brief the council on the preparation towards the scheduled elections in the 2023 general elections.

It is expected that crucial decisions which will effectively douse the growing tension across cities of Nigeria will be taken.

The membership of the council comprises President Buhari, Vice President Yemi Osinbajo, Secretary to the Government of the Federation, Boss Mustapha, former presidents, former heads of state, former chief justices of Nigeria, President of the Senate, Ahmad Lawan, Speaker of the House of Representatives, Femi Gbajabiamila, governors of the 36 states of the federation and the Attorney General of the Federation, Abubakar Malami (SAN).

Naira scarcity: CBN governor Emefiele begs Nigerians for one thing, gives reasons

Nigerians have been urged to remain calm and patient with the transition of the phase of the new naira notes.

The plea was made by the governor of the Central Bank of Nigeria, Godwin Emefiele, following the challenges faced by Nigerians in accessing the naira notes.

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Godwin Emefiele said hiccups are always expected in situations like this but will surely be overcome.

Naira scarcity: "CBN, Emefiele gave false information to president," Buhari's aide alleges

As Nigerians continue to suffer the challenges of the poor implementation of the naira redesign policy, an aide to the president appears not to be happy.

Ajuri Ngelale, a senior special assistant to President Buhari on public affairs said the implementation of the policy is faulty.

Ngelale also noted that the Central Bank of Nigeria has failed to feed the president with the right and effective intelligence on the challenges faced by Nigerians hoping to access the new notes.


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