CBN promise to support INEC electronic, cash payment during 2023 polls

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The Chairman of the Independent National Electoral Commission (INEC), Professor Mahmood Yakubu, and 11 INEC National Commissioners on Tuesday meet with the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele.

According to INEC boss, said most of the logistics services that would be needed in the elections would be rendered by the unbanked and relying on cash payment.

Yakubu added that he is in the meeting to discuss with the CBN governor about how best to address the situation.

In his response, Emefiele reiterated the CBN’s longstanding support for INEC, adding that it will continue to do so.

He assured the Commission that because of the premium the CBN placed on the elections, the CBN will make whatever is needed available for INEC to pay for its logistics.

READ CBN BOSS ADRESS TO INEC

“Because we regard the INEC project as the topmost or an urgent National assignment, it cannot fail and the CBN would not allow itself either to be used or seen as an agent that frustrated a positive outcome of that election.

We are committed to support INEC in the area of electronic means of payment and cash to pay some service providers during the #NigeriaDecides2023 election.

Godwin Emefiele

Central Bank of Nigeria Governor

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