The Emir of Kano Alhaji Aminu Ado Bayero has described the Central Bank of Nigeria’s e-Naira policy as a step forward towards restricting naira note circulation.
Emir Bayero made the assertion while receiving the delegation of the CBN, led by its Director in charge of Kano branch who paid him a courtesy call at his palace on Tuesday, according to Abubakar Balarabe Kofar-Na’isa,
Chief Press Secretary to Kano Emirate Council.
The statement said the monarch noted that the e-Naira policy would go along way in “minimizing unnecessary spending as well as mutilation or squeezing of the naira note in the country”.
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He added that the implementation of the digital currency “would also improve commercial activities and banking transactions, hence the need for the CBN to address network problem being encountered in that direction.”
“Alhaji Aminu Bayero reiterated the traditional institution’s readiness to support any move that will pave way in improving the socio-economic well being the citizenry,” part of the statement said.
Earlier, according to the statement, the state Director of the CBN, Alhaji Muhammad Hamisu Musa said they were at the emir’s palace “in order to intimate the monarch on the measures put in place to educate the larger public on the advantages attached to the policy and the need to accord their support and cooperation as his word Rome was not built in a day”.
