Buhari backs CBN governor on naira redesign, meets service chiefs today to review security
President Muhammadu Buhari, yesterday, said 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 by Tambari TV on Nilesat, President Buhari said reasons given to him by the CBN governor, Godwin Emefiele, 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.
‘’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.’’
According to Garba Shehu, Senior Special Assistant to the President on Media and Publicity, in the interview, President Buhari also addressed issues of food security and national security, among others.
MEANWHILE, President Buhari will today (Monday) meet with security chiefs in the nation’s capital, Abuja, to further review and strengthen security network in the country.
The President, who was initially scheduled to commission the National Agency for Science and Engineering Infrastructure (NASENI) new Technology and Innovation Complex, is expected to receive briefs from the security chiefs and interject on other areas that need urgent attention.
A statement by Shehu, on Sunday, explained that the commissioning of the NASENI complex will hold on a later date.