President Buhari in support for the redesigning of naira notes
Nigeria president Buhari is backing the Central Bank of Nigeria idea for the redesign of naira money notes.
However, the statement from Garba Shehu table stated that the President is aware of the current talk about the notes redesign which they believe will bounce back the value of naira by making the move.
The bank target cash which is N1,000, N500, and N200 notes , comes up with so many controversy last week after the Minister of Finance, Budget and National Planning, Zainab Ahmed, said she don’t know any thing about the incoming development.
President Buhari make this known that the main reason of this action by the Central Bank is to reduce the chance of inflation market and circulation of cash in counterfeit process.
He recall that the given 3 month time for the change in the new naira notes as being short.
People that hide or buried money under the soil will face many challenges but legit workers, businesses with pure hustle will face no hardship at all.”the statement read