President Muhammadu Buhari, has directed the CBN to allow the old N200 to circulate alongside the new re-designed N200 note till April 10th, 2023, to ease the suffering of Nigerians.
Buhari who stated this on Thursday morning in his nationwide broadcast to Nigerians to address the current challenges experienced by Nigerians in the process of accessing cash, said he has asked the CBN to deploy all legitimate means and properly educate Nigerians on the policy
He said the policy became imperative in order to strengthen the economy of the country, saying he shall abide by his oath of office of protecting the interest of all Nigerians while sorting the understanding and patience of Nigerians following the hardship and stress they pass through as a result of the re-design of the N200, N500 and N1000 notes carried out by the Central Bank of Nigeria.
President Buhari, revealed that the policy has so far yielded the desired results as he has been reliably informed that the sum of 2.1 trillion naira has been successfully recovered.
He used the opportunity to appeal to Nigerians to vote wisely come February 25th, stressing that the new policy of the CBN has reduced money in policy.
