Retail
  • Home
  • News
  • 2023 election
  • Governance
  • National Assembly
  • Presidency Nigeria
  • Foreign
  • Privacy Policy
No Result
View All Result
Premium Politics
No Result
View All Result
Home 2023 election

Naira scarcity won’t frustrate 2023 election- CBN

by Marcus Amudipe
February 7, 2023
in 2023 election
Reading Time: 1 min read
Naira scarcity won't frustrate 2023 election- CBN
3
VIEWS
Share on FacebookShare on Twitter

 

Wilson Adekumola

YOU MAY ALSO LIKE

APC clears 38 chairmanship seats in Ekiti

Kogi tribunal: Go to ‘tennis’ court – Shehu Sani mocks Dino Melaye

The Central Bank of Nigeria has promised to make cash available to Independent National Electoral Commission to ease the conduct of the 2023 elections adding that it would not allow itself to be seen as derailing the transition process.

Emefiele vowed to do all in its capacity to assist the INEC to deliver free, fair, credible, and inclusive polls.

The governor of apex bank made this known after his meeting with the INEC Chairman, Prof. Mahmood Yakubu in Abuja on Tuesday.

Emefiele said, “The CBN will not allow itself to be used as agents to frustrate the forthcoming election which is a positive assignment.”

He stated further that it would do everything possible to ensure it makes available the necessary cash that INEC would need to pay for certain peculiar services. Vanguard reports.

He said, “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.

“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.”

Yakubu had scheduled an emergency meeting with Emefiele to request concessions concerning the naira redesign policy with specific reference to the limitations placed on cash withdrawals.

According to INEC, some of the service providers are required to be paid in cash and that aside from that, experience has shown that emergency situations will always come up on election day which could urgently demand the use of cash by the commission.

Tags: 2023 electionsCBNNaira scarcity
ShareTweetSend
ADVERTISEMENT
Previous Post

Naira crisis: Kate Henshaw slams Emefiele, Buhari

Next Post

Sanwo-Olu consoles Funke Akindele over mum’s death

Related Posts

Ekiti state map
2023 election

APC clears 38 chairmanship seats in Ekiti

December 3, 2023
Why I won’t challenge Kogi election at tribunal – Melaye
2023 election

Kogi tribunal: Go to ‘tennis’ court – Shehu Sani mocks Dino Melaye

November 30, 2023
Why I won’t challenge Kogi election at tribunal – Melaye
2023 election

Why I won’t challenge Kogi election at tribunal – Melaye

November 29, 2023
Imo gov: LP inaugurates 481 member campaign council
2023 election

Imo LP accuses INEC of denying Achonu access to election documents

November 18, 2023
Kano: Rest until 2027, Kwankwaso mocks Abba Yusuf
2023 election

Kano: Rest until 2027, Kwankwaso mocks Abba Yusuf

November 17, 2023
Independent National Electoral Commission
2023 election

Kogi gov election was credible — INEC

November 15, 2023
Next Post
Sanwo-Olu consoles Funke Akindele over mum's death

Sanwo-Olu consoles Funke Akindele over mum's death

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent News

Why I am still a senator – Work minister Umahi

Trump jokes about being a dictator, faces backlash from critics

by Alade Abayomi Adeleke
December 6, 2023

NNPP

Kano: APC legal team slams NNPP lawyers for blackmail

by Alade Abayomi Adeleke
December 6, 2023

Muhammed Idris

Info minister constitutes committee to finalise Nigeria’s Values Charter

by Kazeem Owoseni
December 6, 2023

ECOWAS sanction Burkina Faso, Mali over role in Niger coup

Insecurity: ECOWAS urges constitutional restoration amid coups

by Alade Abayomi Adeleke
December 6, 2023

Premium Politics

© 2023 Premium Politics

Navigate Site

  • Home
  • News
  • 2023 election
  • Governance
  • National Assembly
  • Presidency Nigeria
  • Foreign
  • Privacy Policy

Follow Us

No Result
View All Result
  • Home
  • News
  • 2023 election
  • Governance
  • National Assembly
  • Presidency Nigeria
  • Foreign
  • Privacy Policy

© 2023 Premium Politics

Go to mobile version