The Council of State has approved the Naira redesign policy.
In a meeting held in Abuja on Friday, February 10, the council advised President Muhammadu Buhari to direct the CBN to make new Naira notes available or recirculate the old notes to ease tension caused by scarcity of cash.
The meeting was presided over by Buhari and had in attendance former heads of state and president Gen. Yakubu Gowon (retd), Gen. Abdulsalami Abubakar (retd) and Goodluck Jonathan, while former President, Olusegun Obasanjo, joined the meeting online.
Two former Chief Justice of the Federation, Alfa Belgore and Mahmud Muhammad, were also in attendance.
After the meeting, Governors of Taraba, Lagos and the Attorney General of the Federation and Minister of Justice, AGF Abubakar Malami jointly briefed the State House Correspondents.