8 February 2023
The Governor of the Central Bank of Nigeria, CBN, Godwin Emiefele has assured the Independent National Electoral Commission (INEC) that CBN will not allow itself to be used or to be seen as an agent that would frustrate the positive outcome of the the forth coming general election.
He made the disclosure while playing host to delegation from the Independent National Electoral Commission (INEC), led by the Chairman, Prof. Mahmoud Yakubu,at CBN headquarters in Abuja.
Emiefele assured that CBN will ensure that cash is made available to INEC for Logistics during the election exercise..
He further noted that CBN regards projects by INEC as an urgent National Assignment that deserves topmost attention.
Earlier in his remarks, the Chairman of the Independent National Electoral Commission, INEC, Prof. Mahmoud Yakubu said that the meeting was necessary to ensure the availability of cash for transportation of materials for and payment of services that would be rendered by vendors most of whom are unbanked .
The meeting with the CBN Governor is coming as a result of the recent cash swap deadline policy, caused by the redesign of some denominations of Naira currency, and the limitations placed on cash withdrawals by Central Bank of Nigeria.
