Emefiele, who spoke at the end of the two-day monetary policy committee meeting in Abuja on Tuesday, assured Nigerians that the issue will be resolved quickly. During the briefing, the CBN boss also spoke on the supply of money in the country, stating that the implementation of the naira redesign policy has resulted in a reduction in currency outside the banks.
He commended fintechs for facilitating smooth transactions for Nigerians by reducing the strain on traditional banks. ” Emefiele assured Nigerians that the issue of downtime on electronic banking channels is being resolved quickly, and commended fintechs for facilitating smooth transactions.
He also noted that the naira redesign policy has resulted in a reduction in currency outside the banks, and that the CBN will continue to pump the newly redesigned currency into the market.