Only Those With Ulterior Motives Are Afraid Of New Naira Designs...Buhari


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


The senior special assistant to the president on media and publicity Garba Shehu disclosed that President Buhari confirmed giving his approval for the new policy during a Hausa radio interview to be aired Wednesday.

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.


He said he did not consider the period of three months for the change to the new notes as being short.


Mr. President said only 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.


In the interview, the President also addressed issues of food security and national security, among others.



Chris Kehinde Nwandu is the Editor In Chief of CKNNEWS || He is a Law graduate and an Alumnus of Lagos State University, Lead City University Ibadan and Nigerian Institute Of Journalism || With over 2 decades practice in Journalism, PR and Advertising, he is a member of several Professional bodies within and outside Nigeria || Member: Institute Of Chartered Arbitrators ( UK ) || Member : Institute of Chartered Mediators And Conciliation || Member : Nigerian Institute Of Public Relations || Member : Advertising Practitioners Council of Nigeria || Fellow : Institute of Personality Development And Customer Relationship Management || Member and Chairman Board Of Trustees: Guild Of Professional Bloggers of Nigeria

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