The governor of Nigeria’s central bank, Godwin Emefiele has announced that President Buhari will launch the new naira notes on Wednesday.
This is well ahead of the earlier scheduled date of December 15th, 2022. The governor made this known in his briefing to the media at the monetary policy communique held on November 22nd, 2022.
The Central Bank of Nigeria had on October 26 announced its plan to redesign all major naira notes and gave December 15, 2022 as the date to start circulating the new notes.
Mr. Emefiele also insisted that there is no going back on the January 31st data of ensuring all old currencies lose their legal tender status.
Responding to concerns about Nigerians in the rural areas especially as the timeframe for submission of the old note is short, he said it has made provision for easy exchange.
He added that the bank is working with relevant agencies in the financial system in its execution, particularly in ensuring that vulnerable citizens are not at disadvantage.