President Buhari Addresses Nigerians as Naira Scarcity Worsens

President Buhari Addresses Nigerians as Naira Scarcity Worsens

  • Amid the hardship Nigerians face over the Naira notes scarcity, the presidency has announced President Buhari will address the nation
  • The president will speak to Nigerians via a nationwide broadcast t at 7 am on Thursday, February 16
  • The development was announced amid the speculation that the FG mulled extending the deadline for the old Naira notes swap

State House, Abuja - President Muhammadu Buhari will make a national broadcast at 7 am on Thursday, February 16.

Special Adviser to the President on Media and Publicity, Femi Adesina, said this in a statement, according to The Punch.

President Buhari/National Broadcast/Naira Redesign Policy
President Muhammadu Buhari is scheduled to make a national broadcast at 7 am on Thursday, February 16. Photo credit: Femi Adesina
Source: Twitter
“Television, radio stations and other electronic media outlets are enjoined to hook up to the network services of the Nigerian Television Authority and Radio Nigeria for the broadcast," the statement read.

Adesina did not state the reason for the broadcast or what would be addressed by the president. It will, however, likely focus on the Naira redesign policy.

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The scarcity of the Naira notes has led to violent protest in some states in the country.

Protesters storm CBN over Emefiele's comment on old Naira notes

Earlier, reported that some Nigerians staged a protest at the Central Bank of Nigeria (CBN) branch in Benin, the Edo state capital, over their inability to exchange their old N200, N500 and N1000 notes for new ones.

In a viral video, the protesters alleged that their banks directed them to the CBN to carry out a cash swap, but the CBN asked them to go back to their banks.

They lamented that the policy of the apex bank is biting them hard, and there is a need for the government to suppress the tension because they find it "ridiculous that they have money at hand and can't make use of it".

Governor El-Rufai shares details of Buhari's alleged plan to extend deadline for old Naira notes

Meanwhile, Governor Nasir El-Rufai of Kaduna state has shared details of the federal government's alleged plans to extend the deadline for the swapping of the old Naira notes.

TheCable had reported that the federal government proposed conditions on the naira redesign policy, including a new deadline of April 10 for the old notes.

However, the Kaduna state governor, in a statement released by Muyiwa Adekeye, his special adviser on Media and Communication, said the governors suing the FG have rejected the offer and explained why.


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