CBN HAS MY BACKING IN REPLACING NAIRA NOTES, SAYS PRESIDENT BUHARI

President Muhammadu Buhari on Sunday said that the decision of the Central Bank of Nigeria (CBN) to launch new designs and replace high value Naira notes had his support and is convinced that the nation will gain a lot by doing so.

Speaking in a Hausa radio interview with the famous 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 stood to benefit from reduction in inflation, currency counterfeiting and the excess cash in circulation.

He said he did not consider the period of three months for the change to the new notes as being short.

''People with illicit money buried under the soil will have a challenge with this but workers, 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.

Garba Shehu
Senior Special Assistant to the President
(Media & Publicity)
October 30, 2022

Moh247:




Buhari just grabbed some people blockus unaware


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gaby:
I thought you'd be shocked as usual...

nedu666:


Which blokos. The currency comes out on 15 dec. So they hve ample time to either pay in the money into the bank, use it to buy govt treasury bills and bonds, buy stocks, buy dollars, buy properties. Only a mumu can be caught unaware by buhari

Urheadmaster:


He has gotten over being electrocuted over anything

Moh247:

Buhari just grabbed some people's blockus unaware
Shiek Gumi the Bandit spokesperson has been wailing ever since
Buhari is truly a sadist... He has been attending Federal Executive Council meeting every week and never for once did he mention it to anyone not even his own finance Minister
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Moh247:


Well 3 months if the money is clean is enough... A money link with crime without legit source is very hard to launder in 3 months

baralatie:

Only if you know how money moves

Moh247:


Then why do they have it in cash warehoused in their house in the first place

Moh247:




Buhari just grabbed some people's blockus unaware

Shiek Gumi the Bandit spokesperson has been wailing ever since

Buhari is truly a sadist... He has been attending Federal Executive Council meeting every week and never for once did he mention it to anyone not even his own finance Minister

CBN Governor has been attending Monetary policy Committee meeting with Ministry if finance and other stake holders and nothing was said


.

hegelian:


you guys can defend rubbish all for politics and election...election will come and go but all of us we remain..this was how you guys were defending his late miniters appointments, judges ivading by efcc, python dance, border closure, and several others...defending rubbish will bite us all in the end..you guys should be able to seperate politics from the rest...the stupid currency changing will affect us all once the demand for dollar conversion hit home hard, we wil buy dollar for 900 and that will affect everything else....

Moh247:


Well 3 months if the money is clean is enough... A money link with crime without legit source is very hard to launder in 3 months

nedu666:


Oga just dey observe. For next 3 months u will see dollars reaching 1000. Stock market will experience a massive boost. Fg tb and bonds will be oversubscribed by 300%. U will see massive purchase of properties and other assets. This is not 1984.

Moh247:


Well 3 months if the money is clean is enough... A money link with crime without legit source is very hard to launder in 3 months

Moh247:


Buhari is truly a sadist... He has been attending Federal Executive Council meeting every week and never for once did he mention it to anyone not even his own finance Minister

CBN Governor has been attending Monetary policy Committee meeting with Ministry if finance and other stake holders and nothing was said

.

Sammy07:



It is not necessary for the Finance Minister to know.

CBN powers, only the president can limit it a bit.

And e even get limit.

Moh247:



I think you should take your frustrations elsewhere and let me be, I am on this thread to have fun discussing politics, and probably economics, catching cruise and learning

If you have issues in your life or with the government then go to Abuja and leave me out of your bitterness

hegelian:


No, you are here to sell useless leaders that have destroyed the country not to have any fun.. You are on every thread shouting emiloka like a maggot.. It's people like that causes everyone frustration thinking once you are good, others can go up in flames but don't worry it's gonna reach you and your families too, if you didn't suffer from the sufferness you wish is, your kids and your grand kids shall suffer same .. Wicked people everywhere, eyin oloriburuku gbogbo

hegelian:


No, you are here to sell useless leaders that have destroyed the country not to have any fun.. You are on every thread shouting emiloka like a maggot.. It's people like that causes everyone frustration thinking once you are good, others can go up in flames but don't worry it's gonna reach you and your families too, if you didn't suffer from the sufferness you wish is, your kids and your grand kids shall suffer same.. Wicked people everywhere, eyin oloriburuku gbogbo

Moh247:


Let me say it clearly... If I was never responsible in anyway for anything going on in your life as accused and you decided to curse me and my family May peace depart your life till you die insha Allah

I will further gather 21 alligator pepper and bitter cola to finish with you tonight

Since you people think you can mess with every one

THELATTERMAN:
Death to all enemies of the federation

Moh247:





Rule 2 mynd44 lalasticlala seun nlfpmod


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hegelian:


U cant run from what you wish us.. The only thing that matter to you and your likes is your welfare and after that others can perish.. But your wish shall bounce back on all of una head.. Shey Eni enigbo ni, lagbara edumare Ema sofo tomotomo ni.. Konibrgna fun irandiran yin.. Epe lemama gba lati Eni lo