Members of the Council of State, comprising of current president and vice president, former heads of state, servicing governors and other top government officials have announced their support for the redesigning of higher denominations of naira notes.

The higher denominations, N200, N500 and N1000 were redesigned by the Central Bank of Nigeria (CBN) last year and the bank had set February 10 deadline for the old notes to cease to be legal tenders in Nigeria.

Related News

In a unanimous decision today, the council asked Godwin Emefiele, the CBN governor, to make new naira notes available or recirculate old naira notes to ease the suffering of Nigerians.

President Muhammadu Buhari presided over the meeting that was held on Friday at the presidential villa, Abuja.