President Muhammadu Buhari expressed regret to Nigerians regarding the naira redesign policy, clarifying that it was not implemented with the intention of causing difficulties but to enhance the economy.
In a video clip uploaded on Twitter by the governorship candidate of the All Progressives Congress (APC) in Kaduna state, Uba Sani, on Thursday, March 02, 2023, Buhari said: “I apologise to you for the hardship caused by the change of the naira.
“It was done to boost the economy of the country, not to cause hardship to anybody.
First of all, I want to once again thank you for the confidence you have in me by electing me president on the platform of our party, the APC.”
It would be recalled that 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.
