Why I Approved Naira Redesign, Buhari Apologizes

Post created on 11:07 am

President Muhammadu Buhari has apologized to Nigerians over the new naira redesign policy.

The president said it wasn’t introduced to cause hardship, but to boost the economy.

Recall that in October 2022, the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, announced the plan to redesign the N200, N500, and N1,000 notes.

CBN had given February 10 to be the deadline for the use of old naira notes which resulted in the scarcity of the currency.

In a video clip uploaded on Twitter by the governorship candidate of the All Progressives Congress (APC) in Kaduna state, Uba Sani, on Thursday, Buhari said: “I apologise to you for the hardship caused by the change of the naira.

“It was done to boost the economy of the country, not to cause hardship to anybody.”