{"id":243276,"date":"2023-01-21T11:53:39","date_gmt":"2023-01-21T10:53:39","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=243276"},"modified":"2023-01-21T11:53:39","modified_gmt":"2023-01-21T10:53:39","slug":"ngf-we-are-not-opposed-to-naira-redesign-by-cbn","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2023\/01\/21\/ngf-we-are-not-opposed-to-naira-redesign-by-cbn\/","title":{"rendered":"NGF: We are not opposed to naira redesign by CBN"},"content":{"rendered":"<p>The Nigeria Governors&#8217; Forum (NGF) has stated that it is not opposed to the naira redesign policy by the Central Bank of Nigeria (CBN).<\/p>\n<p>This was contained in a communique issued on Thursday by\u00a0Aminu Tambuwal, interim chairman of NGF and governor of Sokoto.<\/p>\n<p>He said the forum received a briefing from Godwin Emefiele, governor of CBN, on the naira redesign policy, its economic and security implications.<\/p>\n<p>Emefiele on October 26, announced the plan to redesign the naira to\u00a0control the money supply and aid <a href=\"https:\/\/www.withinnigeria.com\/news\/2023\/01\/05\/nigeria-security-agencies-are-the-unknown-gunmen-terrorizing-igboland-ipob\/\">security agencies<\/a> in tackling illicit financial flows.<\/p>\n<p>The CBN governor had said the introduction of new notes was a deliberate step by the government to check corruption and counterfeiting of the notes.<\/p>\n<p>\u201cWe, the members of the Nigeria Governors\u2019 Forum (NGF), received a briefing from the governor of the Central Bank of Nigeria, Mr Godwin Ifeanyi 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,\u201d the communique reads.<\/p>\n<p>\u201cHowever, we observe that there are huge challenges that remain problematic to the Nigerian populace. In the circumstances, governors expressed the need for the CBN to consider the peculiarities of states especially as they pertain to financial inclusion and under-served locations and resolved to:<\/p>\n<p>\u201cWork closely with the CBN leadership to ameliorate areas that require policy variation particularly the poorest households, the vulnerable in society, and several other citizens of our country that are excluded.<\/p>\n<p>\u201cCollaborate with the <a href=\"https:\/\/www.withinnigeria.com\/news\/2023\/01\/21\/banks-in-ogun-have-sufficient-new-naira-notes-to-dispense-to-public-cbn\/\">CBN<\/a> and the Nigerian Financial Intelligence Unit (NFIU) in advancing genuine objectives within the confines of our laws, noting that the recent NFIU Advisory and Guidelines on cash transactions were simply outside the NFIU\u2019s legal remit and mandate.<\/p>\n<p>\u201cFinally set up a 6-member Committee to be chaired by the governor of Anambra state, Charles Soludo, and the governors of the following states: Akwa Ibom, Ogun, Borno, Plateau, and Jigawa as members, to engage the CBN in addressing anomalies in the country\u2019s monetary management and financial system.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Nigeria Governors&#8217; Forum (NGF) has stated that it is not opposed to the naira redesign policy by the Central Bank of Nigeria (CBN). This was contained in a communique issued on Thursday by\u00a0Aminu Tambuwal, interim chairman of NGF and governor of Sokoto. He said the forum received a briefing from Godwin Emefiele, governor of [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":243277,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":{"source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"custom","single_blog_custom":"211693","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"single-left","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"floatbottom","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"1","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"0","post_reading_time_wpm":"300","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"1","show_popup_post":"0","number_popup_post":"1","show_author_box":"0","show_post_related":"0","show_inline_post_related":"1"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored by","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo_enable":"0","sponsored_post_logo":"","sponsored_post_desc":"","disable_ad":"0"},"jnews_primary_category":{"id":"","hide":""},"jnews_override_bookmark_settings":{"override_bookmark_button":"0","override_show_bookmark_button":"0"},"jnews_override_counter":{"override_view_counter":"0","view_counter_number":"0","override_share_counter":"0","share_counter_number":"0","override_like_counter":"0","like_counter_number":"0","override_dislike_counter":"0","dislike_counter_number":"0"},"footnotes":""},"categories":[2],"tags":[1172,1127,3108,49215],"class_list":["post-243276","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","tag-central-bank-of-nigeria","tag-corruption","tag-godwin-emefiele","tag-naira-redesign"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>NGF: We are not opposed to naira redesign by CBN<\/title>\n<meta name=\"description\" content=\"The Nigeria Governors&#039; Forum (NGF) has stated that it is not opposed to the naira redesign policy by the Central Bank of Nigeria (CBN)\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.withinnigeria.com\/news\/2023\/01\/21\/ngf-we-are-not-opposed-to-naira-redesign-by-cbn\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NGF: We are not opposed to naira redesign by CBN\" \/>\n<meta property=\"og:description\" content=\"The Nigeria Governors&#039; Forum (NGF) has stated that it is not opposed to the naira redesign policy by the Central Bank of Nigeria (CBN). 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