Cross Udo, Abuja
President Muhammadu Buhari yesterday in London, United Kingdom declared that his government will not go back on the planned redesign of N1, 000, N500, and N200 notes as proposed by the Central Bank of Nigeria (CBN).
Buhari stated this shortly after meeting with King Charles III at Buckingham Palace, saying the policy announced by the CBN Governor, Godwin Emefiele on October 26, 2022, has come to stay.
The President while speaking on the CBN proposal to redesign the three naira notes emphatically said, “No going back.”
He said enough time has been given by the CBN for Nigerians to deposit the present naira notes at banks in exchange for the newly redesigned ones which will be issued by December 15, 2022.
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According to him, “On this change of currency, there will be a lot of money but time has been given from October to December, three months is enough for whatever money you have, to get it changed through the legal system. So, I don’t know why people are complaining about it.”
Buhari also said politicians won’t be allowed to mobilise resources and thugs to intimidate voters in the 2023 general elections.
He said, “I aim to make sure that Nigerians believe that we respect them as an administration. So, Nigerians should vote for whoever they like from whichever political party. Nobody will be allowed to mobilise resources and thugs to intimidate people in any constituency. That is what I want to go down in Nigerian history for as a leader.”
