Naira woes: Buhari breaks silence, set to address nation

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President Muhammadu Buhari will make a national broadcast today, Thursday, February 16, 2023 at 7.00a.m.

The President’s spokesman, Mr Femi Adesina, confirmed this in a statement late Wednesday night.

Adesina, therefore, enjoined television, radio stations and other electronic media outlets to hook up to the network services of the Nigerian Television Authority and Radio Nigeria for the broadcast.

There were indications last nightthat Buhari is considering directing the Central Bank of Nigeria (CBN) to allow only the old N200 remain legal tender until April 10, 2023, in order to improve currency circulation in the country and ease pains experienced by Nigerians due to the decision to retire some denominations of the old banknotes after a currency redesign project. (Based on reports by NAN and THISDAY)

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