With less than a week to the conduct of the 2023 general elections, the Central Bank of Nigeria (CBN) is yet to release funds requested by the Independent National Electoral Commission (INEC) and security agencies for logistics.
He said, “We visited the CBN last week on the issue of cash for payment of some of the services, not all, some of the services that we are going to engage on election day”.
“The bulk of payment for goods and services is made through electronic transfer. But certain critical services will be remunerated by cash, and that’s why we went to the CBN and it’s a small percentage of the budget”.
“The Central Bank has assured us that we will not suffer any encumbrances in that regard. So there are no issues concerning that,” Yakubu said.
