The Kaduna State Governor, Nasir El-Rufai, said the redesigned naira notes is not the making of the Central Bank governor, Godwin Emefiele, but that of President Muhammadu Buhari.
el-Rufai remarked this on Wednesday while featuring on Channels TV’s Sunrise Daily.
The governor stated that Buhari has history of changing naira notes, recounting his time as Head of State in the early eighties.
“This currency redesign. You have to understand the president. People are blaming the Governor of the Central Bank for the currency redesign, but No. You have to go back and look at the first outing of Buhari as president.
“He did this; the Buhari, Idiagbon regime changed our currency and did it in secrecy with a view to catching those that are stashing away illicit funds. It is a very good intention. The president has his right. But doing it at this time within the allotted time does not make any political or economic sense,” he said.
The redesign 200, 500, and 1000 naira notes have been difficult to come by. The situation is compounded by the approaching deadline for the old notes to be phased out, bad network and inadequate infrastructure responsible for the challenges facing the cashless policy of the government.
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