“People Laugh at Me for Not Having Money”: Buhari Finally Explains Why He Approved New Naira Notes
- Muhammadu Buhari, former president of Nigeria has addressed Nigerians for the first time since he left office
- In an interview, he explained that the policy on naira redesign was to root deep into his integrity as a president
- Buhari said he wanted to teach Nigerians that there is no shortcut to successful leadership
Former President Muhammadu Buhari has spoken on the redesigned policy approved under his administration.
The former president on NTA said this was done to ensure his integrity became unquestionable. The interview is his first since he left office in May.
Source: UGC
Buhari said the naira redesign is necessary
According to Buhari, the development was necessary to check those who had illegally stashed money, The Cable reported.
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He said,
“Whether Nigerians believe it or not, we are an underdeveloped country. And in that sort of situation, there’s materialism and sometimes ruthlessly they didn’t care how they made the money.
“I still feel the only way I could deprive these people was just to make sure that my integrity became unquestionable. I think as a developing country, we still have a long way to go.”
“The motivation for the policy was to try and make Nigerians believe that there is no shortcut to successful leadership.”
In a recent development, however, the Central Bank of Nigeria (CBN) clarified that the old 200, 500, and 1000 naira notes would continue to be legal tender even after December 31, 2023.
It said this on the back of reports of naira scarcity across major cities despite assurance of sufficient cash.
How Buhari won the 2015 election
Buhari admitted that technology made him win the 2015 presidential poll after failed attempts.
He said,
“Instead of people expressing sympathy, people laughed at me because I didn’t have money, because I couldn’t buy influence in any form, either from influential people or others. And I said, ‘God dey’. And he sent the permanent voter card (PVC) meaning you now have only one vote.”
Buhari also said that as a leader from 2015 to 2023, he is uncertain if all that was set out was achieved. However, he said he does not miss being out of office.
“There Are Sufficient Banknotes”: CBN Sends Strong Warning to Banks, Others Rejecting Old Notes
Legit.ng reported that the Central Bank of Nigeria (CBN) has assured Nigerians of enough cash available across Nigeria.
It said this on the back of reports of naira scarcity across major cities despite assurance of sufficient cash.
In a statement signed by Isa AbdulMumin, Director, Corporate Communications on X, the CBN said that there has been increased anxiety among some members of the public over the legality or otherwise of the old naira notes.
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Source: Legit.ng
