Naira Redesign: Buhari Backs Moves, Says Politicians Won’t Be Allowed To Mobilize Resources

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President Muhammadu Buhari has backed Central Bank of Nigeria’s (CBN) to redesign Naira notes, adding that politicians won’t be allowed to mobilize resources and thugs for the 2023 presidential election.

The President made this clear in an interview on Wednesday after a meeting with his Royal Majesty, King Charles III in Buckingham Palace, the United Kingdom.

Buhari also said enough time has been given by the Central Bank of Nigeria (CBN) for Nigerians to deposit the present naira notes at banks in exchange for the newly redesigned ones which will be issued effective December 15, 2022.

“On this change of currency, there will be a lot of money but time has been given from October to December, three months is enough for whatever money you have, to get it changed through the legal system.

“So, I don’t know why people are complaining about it,” the President said.
He said the policy announced by the CBN Governor, Godwin Emefiele on October 26, 2022 has come to stay.

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“No going back,” Buhari said on the decision to redesign the three naira notes.

“My aim is to make sure that Nigerians believe that we respect them as an administration.

“So, Nigerians should vote for whoever they like from whichever political party. Nobody will be allowed to mobilise resources and thugs to intimidate people in any constituency. That is what I want to go down in Nigerian history for as a leader.”

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