The Governor of the Central Bank of Nigeria, Godwin Emefiele, has appealed to Nigerians to allow the naira redesign policy to work as it will solve some of the nation's most pressing problems.
Emefiele made the appeal on Thursday while speaking with state correspondents and comes on the heels of reactions to President Muhammadu Buhari's decision on the continued use of the N200 notes.
According to the CBN governor, the apex bank's naira policy will solve the problem of reducing corruption and illicit financial flows.
Emefiele also added that though there are temporary pains, in the long run, the benefits are overwhelming.
"Well, the truth is this; you know we're all servants. We're serving Nigerians.
"As far as I'm concerned, the Honourable Attorney General of the Federation has spoken on this matter and the president has sealed the issue this morning in his broadcast.
"And I think I can only appeal to Nigerians, let's allow this policy to work.
"This policy is one policy that goes to solve the problem of reducing corruption and illicit financial flows.
"This policy goes to resolve some of the problems in the economy. This policy also goes to reducing the issue of insecurity in the country.
"So, these three issues which are the tripod of this administration's policy are all embedded in this policy. We should allow it to work.
"We keep saying this; there are some temporary pains but I can assure Nigerians that the long-run benefit to Nigeria is overwhelming and we should give it a chance to work", he stated.
CBN Governor addressing Statehouse Correspondents; appeals to Nigerians. pic.twitter.com/kZvwLl6yaQ
— Central Bank of Nigeria (@cenbank) February 16, 2023
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