I'll Decide in 7 Days - President Buhari Appeals to Nigerians on Currency Redesign

Date: 03-02-2023 8:21 pm (2 years ago) | Author: kacy lee
- at 3-02-2023 08:21 PM (2 years ago)
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The President, Muhammadu Buhari on Friday, urged citizens to give him seven days to resolve the cash crunch that has become a problem across the country from the Central Bank of Nigeria policy to change high-value naira notes with new ones.

Speaking to the Progressive Governors’ Forum who paid him a visit at the Presidential Villa to seek solutions to the cash crunch which they said was threatening the good records of the administration in transforming the economy, Buhari said the currency re-design would give a boost to the economy and provide long-term benefits. He expressed doubts about the commitment of banks in particular to the success of the policy. “Some banks are inefficient and only concerned about themselves”, said the President, “even if a year is added, problems associated with selfishness and greed won’t go away.”

He said he had seen television reports about cash shortages and hardship to local businesses and ordinary people and gave assurances that the balance of seven of the 10-day extension would be used to crack down on whatever stood in the way of successful implementation.

“I will revert to the CBN and the minting company. There will be a decision one way or the other in the remaining seven days of the 10-day extension,” the President was quoted to have said in a statement released by his spokesman, Garba Shehu.


Posted: at 3-02-2023 08:21 PM (2 years ago) | Addicted Hero
- OmoNobaUku at 3-02-2023 08:47 PM (2 years ago)
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The Govt and CBN's policy is sound on this matter. Commercial Banks are the problem. The are clearly giving priorities to big men and politicians who are taking the monies to fund their election campaigning at the expense of the general population. Sanction should be imposed on any Bank and their staff found culpable. Nasty lot.
Posted: at 3-02-2023 08:47 PM (2 years ago) | Gistmaniac
Reply
- kp45 at 3-02-2023 10:07 PM (2 years ago)
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Disorganized system
Posted: at 3-02-2023 10:07 PM (2 years ago) | Addicted Hero
Reply
- gogoman at 3-02-2023 10:27 PM (2 years ago)
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BUHARI RULE!!!!!!!!!!!!!!!!!!!!
Posted: at 3-02-2023 10:27 PM (2 years ago) | Grande Master
Reply
- Allsense at 4-02-2023 06:07 AM (2 years ago)
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 Roll Eyes Roll Eyes Roll Eyes
Posted: at 4-02-2023 06:07 AM (2 years ago) | Gistmaniac
Reply
- ikpotokin at 4-02-2023 12:08 PM (2 years ago)
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Failed government
Posted: at 4-02-2023 12:08 PM (2 years ago) | Gistmaniac
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