The Council of State members gave the advice at the end of their meeting in Aso Rock presidential villa presided over by President Muhammadu Buhari on Friday.
Godwin Emefiele, the governor of CBN governor also attended the meeting.
The resolutions reached at the meeting was jointly revealed to journalists by Governors Darius Ishaku, Babajide Sanwo-Olu, and Abubakar Malami, the attorney-general of the federation and minister of justice.
According to them, while members of Council of State were in support of the naira redesign policy, the implementation has resulted in headaches for Nigerians.
They therefore advised CBN to bring out the old notes if it cannot print the new notes in a quantum that will meet the need of Nigerians.
“The CBN was advised to make money available in quantum. The old money can also be recirculated to ease the suffering of the poorest of the poor,” Ishaku said.
The meeting was also briefied by Mahmood Yakubu, chairman of the Independent National Electoral Commission (INEC), and Alkali Baba, the inspector-general of police (IGP), on preparations for the elections.
According to the Attorney General, the INEC Chairman assured that Nigeria is on course as far as election preparedness is concerned.