President Muhammadu Buhari on Sunday disclosed the decision of the Central Bank of Nigeria (CBN) to launch new designs and replace high-value naira notes had his support.
CBN governor, Godwin Emefiele had, during a special briefing in Abuja on Wednesday, disclosed that the apex bank would, following approval by the president, start circulating newly redesigned N100, N200, N500 and N1000 naira notes from December 15.
But the Minister of Finance, Budget and National Planning, Zainab Ahmed, had on Friday during a 2023 budget defence session with the Senate Committee on Finance, countered Emefiele on the proposal, saying her ministry was not consulted by CBN on the planned naira redesigning and that she could not comment on it as regards it merits or otherwise.
