On Friday, Mr Emefiele told the leaders that the Nigerian Security Printing and Minting Plc (The Mint), suffers capacity constraints resulting in the failure to print adequate new notes to replace the old N200, N500 and 1,000 notes.

In further reporting for this story, PREMIUM TIMES learnt that The Mint’s capacity constraints rest on not having enough papers to print new Naira notes.

“The Mint has run out of papers to print N500 and 1,000 notes,” a source said, explaining the supply constraints The Minit faces. “They have placed orders with a German firm and De La Rue of the UK (for papers) but they have been placed on a long waiting list so their orders cannot be met now,”

The source said The Mint had received CBN’s request to print 70 million copies of the new notes, totalling N126 billion to be pumped into circulation by today, the source added, regretting, however, that the request could not be met because “The Mint doesn’t have the capacity.”

Biodun556:
Whoever believes that naira swap will curb vote buying is myopic.

Because it is not only money that can be used to buy vote

Naira is not the only currency that politicians can use to buy vote. They use dollar also.

Moh247:




Emefiele is just playing games

One thing am certain about President Bola Ahmed Tinubu would do after May 29 is go after all Economic saboteur


.

HIGHESTPOPORI:
Go after them in Iragbiji abi

Moh247:


This one is obsessed with Iragbiji

Biodun556:
Whoever believes that naira swap will curb vote buying is myopic.

Because it is not only money that can be used to buy vote

Naira is not the only currency that politicians can use to buy vote. They use dollar also.

Kennyfancy:
This man go kill Tinubu with BP ?

duro4chang:
The worst CBN governor in the history of Nigeria. Nothing in his head. Under his nose our currency crumbled.

Tokskob2008:

Well to some extent you are right but I'm pretty sure it will be difficult for the vote buyers to start handing out $20 or $50 to voters on election day.

Emefiele should be arrested..

SHIVA001:
Are you all dumb. If they don't want to print the notes. Use transfer. They are trying to enforce the cashless policy. Anything above 100 should be transfer. Like abroad.

sapele914:
How won’t it crumble when we have lazy minded people like you that bring no innovation to the table?

What do you export for foreign exchange?

sapele914:
How won’t it crumble when we have lazy minded people like you that bring no innovation to the table?

What do you export for foreign exchange?

Moh247:




Emefiele is just playing games

One thing am certain about President Bola Ahmed Tinubu would do after May 29 is go after all Economic saboteur

Many people would join Bode George in exile

.

toneroforever:


Who do u think is sabotaging the efforts of the CBN to implement this policy seamlessly- Bola Tinubu.
Don't worry, Buhari will help u go after the saboteurs by taking out Tinubu & co.

APCHaram:


You people are very stupid if you think this is just for elections .

This policy will outlive elections and you will know suffering like never before .

Even if we go by you Osubidient logic and assume it's down to curbing vote buying, is the CBN in business to ensure credible elections ? Is tanking the economy and causing unnecessary hardship and sufferings trying to get cash for everyday transactions in a hyper inflated economy worth curbing vote buying ?

Fools

Moh247:


Even if rain doesn't fall we all ready know you are programmed to blame Tinubu

It's long years of propaganda

Biodun556:
Whoever believes that naira swap will curb vote buying is myopic.

Because it is not only money that can be used to buy vote

Naira is not the only currency that politicians can use to buy vote. They use dollar also.