Buhari In Full Support Of New Naira Notes – Garba Shehu
President Muhammadu Buhari says he is fully in support of the Central Bank of Nigeria (CBN)’s move to redesign the naira notes.
The CBN had last week said it will redesign the N1,000, N500 and N200 notes, effective December 1, a development that has elicited mixed reactions.
Although the Minister of Finance, Zainab Ahmed, on Friday said the Central Bank of Nigeria did not consult her ministry before taking the decision to redesign naira notes by December but the president in a statement by his media aide Garba Shehu yesterday said he is “convinced that the nation will gain a lot by doing so.
He said he did not consider the period of three months for the change to the new notes as being short because People with illicit money buried under the soil are the ones to have a challenge with the development but workers, businesses with legitimate incomes will face no difficulties at all.”