President Muhammadu Buhari apologizes to Nigerians over naira redesign policy.

Written by on March 3, 2023

President Muhammadu Buhari has apologized to Nigerians over the naira redesign policy.

According to him, it wasn’t introduced to cause hardship, but to boost the economy.

In October 2022, the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, announced the plan to redesign the N200, N500, and N1, 000 notes.

The apex bank also said February 10 would be the deadline for the use of old naira notes and that resulted in a scarcity of the currency.

In a video clip uploaded on Twitter by the governorship candidate of the All Progressives Congress (APC) in Kaduna state, Uba Sani, on Thursday, Buhari said he apologies to Nigerians for the hardship caused by the change of the naira and thanked people of the state for voting for APC and Bola Tinubu.

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