President Muhammadu Buhari begs Nigerians for seven days to resolve ‘cash crunch’ issues
Written by Adewale Adeyemi on February 3, 2023
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 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.
You recall that President Buhari had in some quarters said that there’s no going back in the new naira policy.