By using this site, you agree to the Privacy Policy and Terms & Conditions.
Accept
Okay.ngOkay.ng
  • News
    • Politics
    NewsShow More
    Senators Pledge Salaries to Victims of Kaduna Airstrike
    December 10, 2023
    ECOWAS Leaders Meet in Abuja Amidst Coup Crises
    December 10, 2023
    UK Court Orders P&ID to Pay Nigeria £20 Million in Damages
    December 9, 2023
    Labour Party
    Labour Party Confirms Participation in New Opposition Coalition, Aims to Safeguard Democracy
    December 9, 2023
    Mele Kyari Appears Before Senate After Summon
    December 8, 2023
  • Entertainment
    EntertainmentShow More
    Bisola Badmus
    Yoruba Actress, Bisola Badmus, Reveals Battle With Encephalopathy on Birthday
    December 5, 2023
    Rockstar Games Officially Unveils Grand Theft Auto VI (GTA 6) Trailer
    December 5, 2023
    UK Tightens Immigration Rules
    December 4, 2023
    Buchi
    Comedian Buchi Celebrates Regaining Full Access to His Children
    December 4, 2023
    Mr Eazi
    “You Ran Away With My Money” – Mr Eazi Calls Out I Go Dye for No-Show Despite Payment for Ghana Concert
    December 4, 2023
  • Business & Economy
    Business & EconomyShow More
    Central Bank of Nigeria (CBN)
    CBN Warns Nigerians of Counterfeit Naira Banknotes in Circulation
    December 8, 2023
    NIBSS: List of PSSPs, Switches, and Super Agents Delisted from Outward Transfers
    December 7, 2023
    NIBSS Directs Banks to Delist Non-Deposit Financial Institutions from Outward Transfers
    December 7, 2023
    President and Group Chief Executive Officer of Transnational Corporation of Nigeria, Owen Omogiafo
    Transcorp Clinches Four Awards at International Business Magazine Awards 2023
    December 1, 2023
    L-R: Group Managing Director/CEO, Zenith Bank Plc, Dr. Ebenezer Onyeagwu and the President/CEO, CFA Institute, Margaret Franklin during the signing of an MOU between Zenith Bank and the CFA Institute to develop human capital in finance and investment, recently.
    Zenith Bank Partners with CFA Institute to Foster Finance and Investment Excellence
    December 1, 2023
  • Sport
    SportShow More
    Salah’s 200th Liverpool Goal Inspires Fightback To Beat Palace
    December 9, 2023
    Updated: Man City Suffer 1–0 Defeat to Aston Villa
    December 7, 2023
    Updated: McTominay Scores Twice as Manchester United Beat Chelsea 2–1
    December 7, 2023
    Harry Maguire Awarded Best Premier League Player in November
    December 6, 2023
    Super Falcons of Nigeria
    Super Falcons Qualify for 2024 Women’s Africa Cup of Nations with Convincing Win Over Cape Verde
    December 5, 2023
  • Tech
    TechShow More
    Gemini
    Google Unveils Gemini: A Multimodal Language Model for Advanced AI Capabilities
    December 6, 2023
    L-R: Vice President, Africa, Middle-East and Turkey, Meta (formerly Facebook), Kojo Boakye and Executive Vice Chairman/Chief Executive Officer, Nigerian Communications Commission (NCC), Dr. Aminu Maida, during a visit by Meta’s delegation to the Commission in Abuja recently.
    NCC Reiterates Support for Law-Abiding Investors, Welcomes Meta’s 2Africa Cable Initiative
    December 4, 2023
    DG NITDA, Kashifu Inuwa Abdullahi, CCIE Delivering a Keynote Address During DBN's 2023 Annual Lecture Series
    NITDA DG Advocates for Digital Transformation of MSMEs for Economic Growth
    December 1, 2023
    WhatsApp Introduces Secret Code Feature for Enhanced Chat Privacy
    November 30, 2023
    NITDA DG Advocates Digital Transformation for Smallholder Farmers to Boost Nigeria’s GDP
    November 30, 2023
Reading: Why We Approved Naira Redesign Policy in 2022 — Buhari
Share
Notification Show More
Font ResizerAa
Okay.ngOkay.ng
Font ResizerAa
  • News
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Search
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Follow US
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Okay.ng on WhatsApp
  • Careers
  • Submit News to Okay.ng
© OKN MEDIA PUBLISHING 2022 - All rights reserved
News

Why We Approved Naira Redesign Policy in 2022 — Buhari

Adamu Abubakar By Adamu Abubakar Published November 21, 2023
Share
3 Min Read
SHARE

Former President Muhammadu Buhari says approving the naira redesign policy was a way to ensure his “integrity became unquestionable”.

The immediate-past president spoke in an interview with NTA — his first since handing over the reins of the nation’s leadership to President Bola Tinubu in May.

With Buhari’s backing, the central bank announced its plans to redesign and circulate a new series of three banknotes out of the existing eight, in October 2022.

The redesigned N200, N500, and N1000 notes were due for circulation on December 15, 2022; while the pre-existing notes would remain legal tender until January 31, 2023.

- Advertisement -

On November 23, Buhari unveiled the redesigned naira notes — earlier than scheduled.

The move triggered nationwide chaos as cash became scarce before and during the general elections.

Speaking on the naira redesign policy in the interview, Buhari said the move was imperative to check those who had stashed ill-gotten money.

“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,” he said.

“I still feel that 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.”

Buhari also spoke about how technology made him win the 2015 presidential polls after previous futile attempts.

“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,” the ex-president said.

Buhari also said he is not sure he achieved all he had set out to achieve as Nigeria’s leader from 2015 to 2023, adding however, that he does not miss being out of office.

TAGGED: Muhammadu Buhari
Share This Article
Facebook Twitter Whatsapp Whatsapp Telegram Email Copy Link Print
Previous Article Buhari Suggests Cabal Influence During Tenure as President
Next Article We Need $35 Billion to Build Concrete Roads Nationwide — FG

Connect with Okay on Social

Facebook Like
Twitter Follow
Instagram Follow
Telegram Follow
- Advertisement -
Ad imageAd image
- Advertisement -
Ad imageAd image
- Advertisement -
Ad imageAd image
- Advertisement -
Ad imageAd image
- Advertisement -
Ad imageAd image

Recent Posts

From left: Vincent Ozoude, MD/CEO Transafam Power Ltd; Dupe Olusola, MD/CEO Transcorp Hotels Plc; Peter Ikenga, MD/CEO Transcorp Power Ltd; Dr Owen Omogiafo, OON, President Transcorp Group; Chris Ezeafulukwe, MD/CEO Abuja Electricity Distribution Company at Transcorp Power’s 10 Years’ Anniversary
Transcorp Power Limited Marks 10 Years of Transformative Impact in the Power Sector
Energy & Oil
Kaduna Airstrke not Deliberate, Chief of Defence Staff Says
Security
Senators Pledge Salaries to Victims of Kaduna Airstrike
News
ECOWAS Leaders Meet in Abuja Amidst Coup Crises
News
UK Court Orders P&ID to Pay Nigeria £20 Million in Damages
News

You Might Also Like

News

Senators Pledge Salaries to Victims of Kaduna Airstrike

December 10, 2023
News

ECOWAS Leaders Meet in Abuja Amidst Coup Crises

December 10, 2023
News

UK Court Orders P&ID to Pay Nigeria £20 Million in Damages

December 9, 2023
Labour Party
Politics

Labour Party Confirms Participation in New Opposition Coalition, Aims to Safeguard Democracy

December 9, 2023
Previous Next
Okay.ngOkay.ng
Follow US
© OKN MEDIA PUBLISHING 2022 - All rights reserved
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Okay.ng on WhatsApp
  • Careers
  • Submit News to Okay.ng
Welcome Back!

Sign in to your account

Lost your password?