NAIRA: Buhari Urges More Patience As Cash Crunch Affects Economic Activities

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President Muhammadu Buhari has pleaded for more patience from Nigerians amid the hardship and turmoil that have followed the central bank’s new currency policy.

Buhari, who claimed to be well aware of the difficulties, maintained that the goal of the strategy is to strengthen Nigeria’s economy.

Read Also: SERAP Sues Buhari Over Ban On Old N500, N1000 Naira Notes

The President made this appeal on Sunday, at Ethiopia where he attended the just-concluded African Union summit.

He said;

I am appealing to you to exercise further patience as we take appropriate measures to ease these hardships. God willing, there will be light at the end of the tunnel.

I want to once again assure you that I am fully aware of the current hardship you are facing as a result of some policies of the government which are meant to bring overall improvement to the country.

Chaos popped up nationwide following the President’s announcement on Thursday that only old N200 notes will remain legal tender until April 10.

All old N500 and N1000 notes, Buhari said, must be returned to deposit banks before February 17, 2023, the adjusted deadline he had approved in Daura, Katsina, on January 30.

Buhari’s announcement came despite a pending Supreme Court order restraining the Federal Government from effecting the deadline.

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