{"id":83663,"date":"2023-03-03T09:37:04","date_gmt":"2023-03-03T08:37:04","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/naira-redesign-real-reason-i-approved-cbn-policy-buhari-apologizes"},"modified":"2023-03-03T11:05:45","modified_gmt":"2023-03-03T10:05:45","slug":"naira-redesign-real-reason-i-approved-cbn-policy-buhari-apologizes","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/policy\/naira-redesign-real-reason-i-approved-cbn-policy-buhari-apologizes","title":{"rendered":"Naira redesign: Real reason I approved CBN policy \u2013 Buhari apologizes"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Nigeria. <\/strong><\/span>President Muhammadu Buhari has apologized to Nigerians over the naira redesign policy.<\/p>\n<p>According to him, it wasn\u2019t introduced to cause hardship, but to boost the economy.<\/p>\n<p>In October 2022, the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, announced the plan to redesign the N200, N500, and N1,000 notes.<\/p>\n<p>The apex bank also said February 10 would be the deadline for the use of old naira notes and that resulted in a scarcity of the currency.<\/p>\n<p>In a video clip uploaded on Twitter by the governorship candidate of the All Progressives Congress (APC) in Kaduna state, Uba Sani, on Thursday, Buhari said: \u201cI apologise to you for the hardship caused by the change of the naira.<\/p>\n<p>\u201cIt was done to boost the economy of the country, not to cause hardship to anybody.\u201d<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/nigeria\">Nigeria<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Nigeria. President Muhammadu Buhari has apologized to Nigerians over the naira redesign policy. According to him, it wasn\u2019t introduced to cause hardship, but to boost the economy. In October 2022, the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, announced the plan to redesign the N200, N500, and N1,000 notes. The [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":83661,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,29,28,14],"tags":[1570,2140,97,503,9018,254],"class_list":["post-83663","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-homepage-english","category-policy","tag-africa-press","tag-africa-press-nigeria-2","tag-buhari","tag-cbn","tag-naira-redesign","tag-nigeria"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Naira redesign: Real reason I approved CBN policy \u2013 Buhari apologizes - Nigeria<\/title>\n<meta name=\"description\" content=\"President Muhammadu Buhari has apologized to Nigerians over the naira redesign policy. 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