President Bola Ahmed Tinubu is thinking of extending the validity of old naira notes.

The Central Bank of Nigeria had redesigned the naira last year and set a deadline that was extended after outcry.

However, ruling in a suit filed by some aggrieved governors, the Supreme Court shifted the deadline to December 2023.

But in an Advisory Report released by President Bola Ahmed Tinubu’s Policy Advisory Council chaired by Senator Tokunbo Abiru, a December 2024 deadline is said to be considered for the old naira notes.

Abiru was the Chief Executive Officer of Polaris Bank before he was elected into the Senate to represent Lagos East following the death of Senator Gbenga Oshinowo, his predecessor.

Also on the council is Dr Yemi Cardoso, a strong ally of the president, who played key role when Tinubu was governor of Lagos State.

The policy also outlined the planned achievements of the incumbent administration within 8 years, revealing Tinubu’s plan to seek a second term.

Tinubu currently has a 4-year mandate, having been elected on February 25, 2023.

Listed among the plans are doubling the economy to $1 trillion, achieving 7% average annual GDP rate; lifting 100 million people out of poverty; creating enabling environment to generate over 50 million jobs, among others.

Also listed in the advisory is the president’s position on abolishing of multiple exchange rate window, which was finally implemented by the CBN on Wednesday.

Daily Trust understands that the council will be inaugurated at the Presidential Villa in Abuja on Thursday.

Islie:
President Bola Ahmed Tinubu is thinking of extending the validity of old naira notes. The Central Bank of Nigeria had redesigned the naira last year…



https://dailytrust.com/breaking-tinubu-mulls-extension-of-old-naira-notes-deadline/

helinues:
Better

The failed Naira redesign, had President Tinubu supported it initially, the oppositions would have gone against it.

Tinubu's foresight supercede all of them together

OGIBRA:
Buhari don spoil many tins oo, tinubu re arranging everything as if na opposition government is in charge

Chinjo2:
Does he have such powers? The new naira notes issue have already been decided by the supreme court. Tinubu should force the CBN to release the new naira notes from wherever they have kept it.

NinjaMetahuman:
Tinubu definitely won't put deadline on old currency.

He is an accountant who knows how these things work.

New naira and old naira will operate side by side till old naira vanishes from the system naturally.

OGIBRA:
Buhari don spoil many tins oo, tinubu re arranging everything as if na opposition government is in charge

OGIBRA:
Buhari don spoil many tins oo, tinubu re arranging everything as if na opposition government is in charge