Governor Aminu Masari of Katsina state, Saturday said that majority of governors are in support of the new policy on cash withdrawal limit introduced by the Central Bank of Nigeria (CBN).
Governor said that the policy is good and will bolster the development of the nation’s economy.
He stated this while speaking with journalists after a meeting with President Muhammadu Buhari in his hometown in Daura, Katsina State.
On why the governors have not said anything about the policy, governor Masari said, “what is wrong with it except one who stockpiles millions in his house and is afraid to bring it.”
He further averred that, “It will help the economy. Now, all the money has not been in the banking sector. The central bank governor said that they have mopped over One Trillion Naira (N1 trillion) into the banking sector which was starched in soak-ways and other places.
“We believe by the end of the transition to the new currency, the remaining trillion will be back in the banking sector. I think it is very good for the economy.”
Asked if the governors were happy with the cash withdrawal limit, governor Masari said
“because I am…”
On why he visited the President, he said: “When you have a president visiting your state, you need to come and see how well he has been since his arrival. So fundamentally that is what brought me here and also to find how he is coping with his two or three days holiday here in his hometown in Daura, Katsina state. So it’s essentially a private visit.”