CBN HAS BUHARI’S APPROVAL FOR NAIRA REDESIGN – GARBA SHEHU
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.
More Stories
KANO GOVT SAYS JOURNALIST INJURED BY ‘METAL DEBRIS’, NOT STRAY BULLET
The Kano State Government has denied reports that a journalist, Naziru Idris Ya’u, was on Friday, injured after being by...
LAGOS GOVT ISSUES 48 HOURS QUIT NOTICE TO ILLEGAL SQUATTERS AT IKOYI TOWERS
Lagos State Government has issued a 48 hours ultimatum to illegal squatters at abandoned Ikoyi Towers, Lagos Island to evacuate....
NERC UNBUNDLES TCN, ESTABLISHES NEW OPERATOR IN ABUJA
The Nigerian Electricity Regulatory Commission has restructured the Transmission Company of Nigeria by establishing the Nigerian Independent System Operator of...
AKPATA SLAMS OBASEKI FOR SWEARING IN JUDGES 11 MONTHS AFTER RECOMMENDATION
The governorship candidate of the Labour Party in Edo State, Olumide Akpata, has slammed the state Governor, Godwin Obaseki, for...
AKPATA SLAMS OBASEKI OVER SWEARING IN JUDGES 11 MONTHS AFTER RECOMMENDATION
The governorship candidate of the Labour Party in Edo State, Olumide Akpata, has slammed the state Governor, Godwin Obaseki, for...
FULL LIST: BONIFACE NAMED IN BUNDESLIGA TEAM OF SEASON
Bayer Leverkusen and Nigerian striker, Victor Boniface, has been listed in the 2023/2024 Bundesliga Team of the Season. In the...