The President, Major General Muhammadu Buhari (Ret’d.), has assured that the government will ensure that citizens are unharmed in their businesses and no disruption is caused to the entire supply chain arising from the imminent deadline of the new naira swap.
Buhari gave this assurance in a statement issued by the Senior Special Assistant to the President on Media & Publicity, Garba Shehu, on Saturday.
According to the release, the president stated that the currency changes were aimed at people hoarding illicit funds and not the common man, while emphasizing that it had become necessary to prevent counterfeits, corruption, and terrorist funding. This, he assured, will stabilize and strengthen the economy.
While taking note that the poorest section of society is facing hardship as they often keep hard cash at home for various expenses, President Buhari gave strong assurances that “the government will not leave them to their own fate.”
He further stated that “a number of initiatives by the Central Bank and all commercial banks are underway to speed up distribution of the new notes and do all that is necessary to forestall cash squeeze and chaos.”
