CBN Receives Support From Buhari

Distancing himself from his Finance Minister, Buhari said, "CBN has my endorsement."


On Sunday, Nigerian President Muhammadu Buhari expressed his approval of the CBN's plan to replace high-value Naira notes with new designs. In a statement that was released by President Buhari's Senior Special Assistant on Media and Publicity, Mallam Garba Shehu, the president said that he was certain that doing so would result in significant benefits for the country. In a radio interview conducted in Hausa and conducted by the well-known journalist Halilu Ahmed Getso and Kamaluddeen Sani Shawai, which is scheduled to be broadcast on Tambari TV on Nilesat on Wednesday morning, President Buhari said that the reasons presented to him by the CBN persuaded him that the economy stood to profit from a decrease in inflation, currency counterfeiting, and the surplus cash that is now in circulation. He further stated that he was convinced by the CBN that the

He said that he did not believe that the amount of time of three months for the conversion to the new notes was a short period of time. According to him, "Those who have illegal money hidden beneath the ground will have a struggle with this, but employees and enterprises with genuine revenues will experience no issues at all."

The statement went on to say that President Buhari had, throughout the course of the interview, discussed a variety of topics, including food security, national security, and others.

Also Read: CBN insists naira change


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