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We Have Materials To Print More New Notes – CBN Multiple reports quoted the apex bank's Governor Godwin Emefiele as admitting that the CBN does not have enough materials to print the new naira notes. By Emmanuel Egobiambu Updated February 11, 2023

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The Central Bank of Nigeria (CBN) says it has the capacity and materials to print new currency notes amid a shortage of cash in the country.   Multiple reports quoted the apex bank’s Governor Godwin Emefiele as admitting that the CBN does not have enough materials to print the new naira notes. But the Bank has debunked the claims, assuring Nigerians that the CBN will meet the country’s cash demands in the wake of the currency redesign policy. “For the records, what Mr. Emefiele told the meeting was that the NSPMC was working on printing all denominations of the Naira to meet the transaction needs of Nigerians,” the Bank’s Director of Corporate Communications Osita Nwanisobi, said in a Saturday statement. “While the CBN appreciates the concerns shown by all stakeholders about the distribution of the Naira, we are alarmed at the extent to which vested interests are attempting to manipulate facts and pitch the public against the Bank. For the avoidance of doubt, the CBN remains commit...
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