The presidency has for the first time made an attempt to explain the idea behind the hurried redesign of some naira notes, saying it was mainly targeted at frustrating some elite Nigerians who hoard illicit cash.
Senior Special Assistant on Media and Publicity to the President, Garba Shehu, in a statement on Saturday said contrary to insinuations, it is not targeted at the common man in the streets.
According to the presidency, government is not resting on its oars to see that citizens’ businesses are safe.
It regretted the disruption caused to the entire supply chain arising from the swap, assuring that it is due to end shortly.
Daily Review gathers that there are calls from prominent Nigerians for the CBN to extend the deadline over fear that millions of Nigerians may not be able to return the old naira notes to the bank before the deadline elapses on 31st January, 2023.