Buhari apologises over naira redesign policy

President Muhammadu Buhari has apologised to Nigerians over the naira redesign policy, saying that it was not introduced to cause hardship.

In October 2022, Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), announced the plan to redesign the N200, N500, and N1,000 notes.

The apex bank fixed February 10 as the deadline for the use of old naira notes — and that led to a scarcity of the currency.

In a video clip posted on Twitter by Uba Sani, gubernatorial candidate of the All Progressives Congress (APC) in Kaduna, on Thursday, Buhari said the policy was meant to boost the economy.

The President 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.”

Buhari begged Kaduna residents to vote for Sani, senator representing Kaduna central, as the governor of the state.