By Oluwayemisi Owonikoko
President Muhammadu Buhari has extended the validity of the old N200 notes till April 10, 2023.
The president announced this in a national broadcast on Thursday Monday.
“I am addressing you as your democratically elected President to sympathise with you over the hardship being experienced as a result of the naira redesign policy.”
“To further ease the supply pressures, particularly on our citizens, I have given approval to the CBN that the old N200 bank notes be released back into circulation and that it should also be allowed to circulate as legal tender with the new N200, N500, and N1000 banknotes for 60 days from February 10, 2023, to April 10, 2023, when the old N200 notes cease to be legal tender.”
He assured Nigerians that his administration will continue to assess the implementation with a view to ensuring that Nigerians are not unnecessarily burdened. ” In this regard, the CBN shall ensure that new notes become more available and accessible to our citizens through the banks,” he said.
The President further urged Nigerians to bear with the present administration as its monetary policies are aimed at strengthening the economy and blocking all loopholes aiding money laundering.
He further restated that the elections will hold as scheduled thus imploring citizens to come out en mass to vote for the candidate of their choice in the forthcoming Presidential and National Assembly elections coming up on the 25th of February this year.
“I urge every citizen, therefore, to go out to vote for their candidates of choice without fear, because security shall be provided and your vote shall count.
“I however admonish you to eschew violence and avoid actions capable of disrupting the electoral processes. I wish us all a successful General Elections.” The President said.
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