CBN HAS BUHARI’S APPROVAL FOR NAIRA REDESIGN – GARBA SHEHU
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By Adeola Abdullah
Senior Special Assistant Media and Publicity to President Muhammadu Buhari; Mallam Garba Shehu has confirmed that the decision by the Central Bank of Nigeria (CBN) has the full backing of President Buhari.
Speaking in a Hausa radio interview with the famous journalist Halilu Ahmed Getso, and Kamaluddeen Sani Shawai to be aired Wednesday Morning on Tambari TV on Nilesat, President Buhari said reasons given to him by the CBN convinced him that the economy stood to benefit from a reduction in inflation, currency counterfeiting and the excess cash in circulation.
He said he did not consider the period of three months for the change to the new notes as being short.
According to him, ”People with illicit money buried under the soil will have a challenge with this but workers, businesses with legitimate incomes will face no difficulties at all.”
The statement further said that President Buhari In the interview, also addressed issues of food security and national security, among others.
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