• News - South East - Anambra
  • Updated: January 21, 2023

Emefiele: Soludo Appointed As Chairman Of Committee To Engage CBN

Emefiele: Soludo Appointed As Chairman Of Committee To Engag

Governor Chukwuma Soludo of Anambra State has been appointed as the chairman of a six-man committee to dialogue with the Central Bank of Nigeria over its recent policies.

CBN Governor Godwin Emefiele has been the subject of controversy since the withdrawal limit policy and the redesigned naira notes.

Per reports, the committee was set up to address anomalies in the country’s monetary management and financial system.

Soludo was given the new task following a virtual meeting with the other governors and Emefiele on Thursday night.

The Anambra governor will be aided by the governors of Akwa Ibom, Ogun, Borno, Plateau, and Jigawa States as committee members.

After the meeting with Emefiele, the governors disclosed that they were not against the naira redesign policy but that CBN should consider the challenges households would have with it, pertaining to financial inclusion and under-served locations.

"We, the members of the NGF, received a briefing from the Governor of the CBN, Emefiele, on the Naira redesign, its economic and security implications including the new withdrawal policy.

"Governors are not opposed to the objectives of the Naira redesign policy.

However, we observe that there are huge challenges that remain problematic for the Nigerian populace.

"In the circumstances, governors expressed the need for the CBN to consider the peculiarities of states especially as they pertained to financial inclusion and under-served locations", the governors stated.

They further expressed their willingness to work with the CBN leadership to ameliorate areas that required policy variation, particularly the poorest households, the vulnerable in society, and several other Nigerians that were excluded.

Speaking further, the governors revealed their decision to work with the apex bank and the Nigerian Financial Intelligence Unit (NFIU) to advance genuine objectives within the confines of the law.

However, they insisted that the recent NFIU Advisory and Guidelines on cash transactions are outside the unit's legal remit and mandate.


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