Scarcity of Naira notes wasn’t meant to punish Nigerians, Buhari defends redesign policy

Abuja—Former President Muhammadu Buhari has defended his administration’s Naira redesign policy.

For Buhari, the policy implemented by a former Governor of the Central Bank of Nigeria, CBN, gave Nigeria a cleaner election in 2023, Daily Post reports.

The former President maintained that those who had a problem with the policy were individuals who had too much money.

Under the book’s 12th chapter, the former President said, “The scarcity of money was not deliberately done to punish Nigerians.

“There is no denying that the naira redesign policy gave us cleaner elections. It was people who had too much money that had problems with it.

“When it was said that the new notes were not available, over N260 million was found with one bank chairman. Did I take on the Supreme Court on the issue? No, I could not have.

“Some APC governors went to court. I refused to judge people by my own standard…”

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