Connect with us

Vreporters

Old Naira Notes: President Buhari Sends Message To Nigerians

News

Old Naira Notes: President Buhari Sends Message To Nigerians

President Muhammadu Buhari has assured Nigerians that his administration will ensure that citizens are unharmed in their businesses and no disruption is caused to the entire supply chain arising from the currency swap due to end shortly.

The President gave the assurance on Saturday while reacting to reports of long queues of people waiting for hours for their turn to deposit old notes and get new ones, triggering public anger and opposition’s criticism.

President Buhari, in a statement issued by his spokesman, Malam Garba Shehu, restated that the currency changes were aimed at people hoarding illicit funds and not the common man, and that it had become necessary to prevent counterfeits, corruption, and terrorist funding.

This, he assured, will stabilize and strengthen the economy.

The President, while taking note that the poorest section of society was facing hardship as they often keep hard cash at home for various expenses, assured that the government would not leave them to their own fate.

He reiterated that a number of initiatives by the Central Bank and all commercial banks were underway to speed up distribution of the new notes and do all that was necessary to forestall cash squeeze and chaos.

Continue Reading
Advertisement
You may also like...
Click to comment

You must be logged in to post a comment Login

Leave a Reply

More in News

Advertisement

Trending

Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
To Top
slot="4644831179" data-auto-format="rspv" data-full-width="">