President Muhammadu Buhari He said on Saturday that he knows poor Nigerians are “facing hardships” because of the government’s currency exchange policy.
Mr. Buhari said this in a statement by his spokesman, Garba Shehu.
“Considering that the poorest sections of the society are facing hardships as they often keep money at home for various expenses, President Buhari assured that the government will not leave them to their fate,” Mr. Shehu stated.
PREMIUM TIMES has reported how millions of Nigerians are finding it difficult to access the new naira notes, with some dates of January 31 to use the old notes.
While many Nigerians have called for an extension of the deadline, Mr. Buhari remained mum on any extension in his statement.
In his statement, Mr. Shehu said the Buhari administration will “ensure that citizens are not harmed in their businesses and that there will be disruption in the entire supply chain as a result of the soon-to-be-completed currency exchange.”
Read Mr. Shehu’s full statement below.
President Muhammadu Buhari on Saturday assured that the government will ensure that citizens are not harmed in their businesses and that there will be no disruption in the entire supply chain as a result of the soon-to-be-completed currency exchange.
Reacting to reports of long queues of people waiting hours for their turn to keep old notes and get new ones, sparking public anger and criticism from the opposition, President Buhari reiterated that the currency changes were aimed at people hoarding illegal funds and not the common man. and that it became necessary to prevent fraud, corruption and the financing of terrorism. He assured that this will stabilize and strengthen the economy.
Noting that the poorest sections of the society are facing hardship as they often keep money at home for various expenses, President Buhari assured that the government will not leave them to their fate.
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He reiterated that the initiatives of the Central Bank and all commercial banks are underway to speed up the distribution of new notes and do whatever is necessary to avoid cash crunch and chaos.
Garba Shehu
Senior Special Assistant to the President
(Media and advertising)
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