ENUGU, Nigeria (VOICE OF NAIJA)- President Muhammadu Buhari has commended the new naira redesign policy, describing it as “very good”
According to him, the cashless policy is good in terms of its positive impact on security.
Garba Shehu, the presidential spokesperson in a statement on Thursday noted that, Buhari spoke at the state house during a meeting with members of the house of representatives ad hoc committee on the naira redesign policy.
The development comes after Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), gave the assurance that the N200 old notes will be made available immediately, following an announcement by Buhari on an extension of the validity period for the old N200 notes.
Buhari was quoted as saying that the cashless policy has short and long-term benefits for the country to deal with insecurity and corruption.
The President also described the aim of the policy as “very good, security-wise” as seen from the reduced spate of kidnappings and associated corrupt practices.
On his part, the CBN Governor said the cashless policy is a global policy.
Emefiele was quoted as saying that, “Nigeria must go cashless. It is a global policy, checking insecurity, and fighting corruption.”
He added that senior officials at the CBN had been deployed, along with “super agents”, to take new notes to unbanked rural populations.
Furthermore, he expressed optimism that the concerns raised over the implementation of the policy, which he described as “temporary, passing”, will go away in no distant future.