Naira Redesign: Atiku Wades in, Drops His 2 Cents on January 31 Deadline in New Video

Naira Redesign: Atiku Wades in, Drops His 2 Cents on January 31 Deadline in New Video

  • Atiku Abubakar of the Peoples Democratic Party (PD) has called on the governor of the Central Bank of Nigeria to extend the deadline for the collection of old naira notes
  • The flag bearer of the PDP said that the new monetary policy has brought untold hardship on many Nigerians
  • According to Atiku, an extension of the deadline will address the hardship faced by many Nigerians.

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The 2023 presidential candidate of the Peoples Democratic Party (PDP), Atiku Abubakar, on Saturday, January 28, called for an extension of the deadline issued by the Central Bank of Nigeria for the collection of old naira notes.

In a video shared on his shared Twitter page titled "My position on the CBN January 31, deadline on the new naira notes", the former vice president said the apex bank's deadline is creating a hardship for several Nigerians.

Read also

APC reacts to CBN's extension of naira notes swap deadline, reveals who will benefit from it

Atiku Abubakar, naira redesign, new naira notes
Atiku Abubakar said he is joining many Nigerians to call for a slight extension of the new monetary policy by CBN. Photo: PDP, Bashir Ahmad
Source: Twitter

Atiku added that while redesigning currency is normal across the globe, the short notice and the January 31 deadline are rather unusual.

His words:

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“The ongoing policy by the Central Bank of Nigeria to redesign the naira notes has generated wild reactions across the country and beyond.
“This exercise is a worldwide practice and not anything new, especially as the January 31 deadline draws closer, a large number of Nigerians out of good conscience have expressed apprehension about how the policy and the deadline will make life more difficult for Nigerians.
‘’Many Nigerians, especially farmers, artisans and those in the rural areas do not have bank accounts, so the time frame for the change of old notes to new one is not achievable.”

Appealing for an extension of the CBN deadline

Further appealing for an extension of the CBN's deadlines Atiku said such a move will address the hardship faced by many Nigerians.

Read also

Revealed: Why President Buhari approved CBN's request for extension of old Naira notes swap

He added:

“On this note, I am compelled to align with the upsurge of demands for a slight extension of the monetary conversion policy.
“The January 31 deadline is certainly going to cause a heavy discomfort on our people and it will be magnanimous on the part of the government and the regulatory agency to ease the burden on the people for the public interest."

Atiku breathes fire, issues strong warning to Tinubu amid perceived dispute with Buhari

Atiku Abubakar of the PDP warned Bola Tinubu of the APC to desist from roping him into his crisis with President Buhari

The warning was issued by the former vice president through the Atiku/Okowa campaign organisation.

The spokesperson of the organisation said Tinubu's politics has always been about "self and the cabal" as he never cared for Nigerians or the success of the government he claimed to have brought to power.

Read also

Buhari gives reasons for CBN naira redesign policy as Nigerians get desperate ahead of deadline

Big win for PDP as top political parties adopt Atiku, Okowa ahead of 2023 presidential election

Meanwhile, Nigerians have been urged to support Atiku Abubakar and his running mate, Ifeanyi Okowa in their 2023 presidential bid.

The call was made to Nigerians by the Coalition of United Political Parties (CUPP) on Thursday, January 26.

The coalition said Atiku's view on restructuring and education, as well as his experience and maturity in politics, are key to driving Nigeria to an expected end.


Nnenna Ibeh avatar

Nnenna Ibeh Nnenna Ibeh is a journalist with over 10 years of experience with various media organisations including Premium Times. Being on the front burner of reporting politics and the different dimensions of governance, she is also passionate about girls' education and women's and children's health. With degrees in Journalism, Peace Studies & Conflict Res., and Dev. Studies, Nnenna has worked in the dev. sector as a communications officer for the Centre for Democracy and Dev. email:

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