The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has been invited to a meeting by the Nigeria Governors’ Forum over the redesigned naira notes and the timeline to fade out old notes.

The invitation which was sent out by the Director-General of the Forum, Asishana Okauru stated that the agenda of the meeting will dwell significantly on the recent redesigning of the N200, N500 and N1,000 notes, as well as the withdrawal policy of the CBN.

NGF’s Head of Media and Public Affairs, Abdulrazaque Bello-Barkindo said the agenda of the virtual meeting, is titled, ‘The Economic and Security implications of naira redesign and withdrawal policy’.

Bello-Barkindo said the discussions will foster participation and dialogue between various stakeholders including governments and civil society organisations to come out with a solution to the lingering issue.

Channels Television reports that the redesigned N200, N500 and N1,000 notes were launched by President Muhammadu Buhari on November 23, 2022. However, there have been concerns from many Nigerians over the slow spread of the three new naira notes as the January 31 2023 deadline approaches but the apex bank has insisted that the date stands.

The apex bank also ordered Deposit Money Banks (DMOs) and other financial institutions to ensure that weekly over-the-counter (OTC) cash withdrawals by individuals and corporate entities do not exceed N500,000 and N5m respectively.