President Muhammadu Buhari says that the decision of the Central Bank of Nigeria (CBN) to launch new designed and replace high value Naira notes had his support and is convinced that the nation will gain by the exercise.
Speaking in an Hausa radio interview with tfamous journalist Halilu Ahmed Getso, and Kamaluddeen Sani Shawai to be aired Wednesday Morning on Tambari TV on Nilesat, President Buhari said reasons given to him by the CBN convinced him that the economy stands to benefit from reduction in inflation, currency counterfeiting and excess cash in circulation.
He said he does not consider the period of three months for the change to the new notes as being short.
He argued that people with illicit money will have a challenge with the new policy while workers and businesses with legitimate incomes will face no difficulties at all.
In the interview, the President also addressed issues of food security and national security among others.
Bello Wakili