Categories: NewsNigeria News

CBN Has My Backing On Naira Redesign – Buhari

Buhari has disclosed that the CBN has his backing on the naira redesign.

 

Glamtush reports that President Muhammadu Buhari has stated the Central Bank of Nigeria (CBN) has his backing on the controversy trailing the decision to introduce new naira notes.

This online platform understands that the president said he approved the policy because he was convinced it is in national interest.

In a statement by his Senior Special Assistant on Media and Publicity, Mallam Garba Shehu, the President said the only people who have losses to incur will be those with illicit money hidden away, not those involved in legitimate businesses and workers.

According to the statement, the President spoke in a Hausa interview, which is scheduled to be aired on Wednesday.

“President Muhammadu Buhari on Sunday said that the decision of the Central Bank of Nigeria (CBN) to launch new designs and replace high value Naira notes had his support and is convinced that the nation will gain a lot by doing so.

“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 reduction in inflation, currency counterfeiting and the excess cash in circulation,” the statement reads.

GLAMTUSH

Recent Posts

Court Dismisses Case Against #EndBadGovernance Protesters

The court has dismissed the case against #EndBadGovernance protesters.   Glamtush reports that a Federal…

2 hours ago

FG Terminates ₦740bn Abuja-Kaduna Road Contract With Julius Berger Over Non-Performance

FG has terminated the ₦740bn Abuja-Kaduna road contract with Julius Berger over non-performance.   Glamtush reports…

2 hours ago

Ekiti Chief Judge, Adeyeye, Dies At 64

Ekiti Chief Judge, Adeyeye, has died at 64.   Glamtush reports that Justice Oyewole Adeyeye,…

3 hours ago

Access Bank Wins Best Digital, Best Website At 2024 Digital Jurist Awards

Access Bank PLC has been named the 2024 Best Digital Award winner in the Commercial…

4 hours ago

Top Summary From Nigerian Newspapers For Tuesday, November 5th, 2024

The top summary from Nigerian newspapers for Tuesday, November 5th, 2024, can be accessed on…

4 hours ago

Ekiti Governor Honours Primate Ayodele’s Late Father, Names Street After Him

The governor of Ekiti state, Biodun Oyebanji has honoured Primate Elijah Ayodele’s late father by…

16 hours ago