Lawan advocates withdrawal of time limit on naira notes

Lawan advocates withdrawal of time limit on naira notes

RIPPLES NIGERIA

The Senate President, Ahmad Lawan, on Friday called for the withdrawal of the time limit on the use of the old Naira notes.

Lawan, who addressed State House correspondents at the end of the Council of State meeting in Abuja, urged the Central Bank of Nigeria (CBN) to allow the old Naira notes to coexist with the new ones for the mean time.

He decried the suffering the redesign of naira notes has caused Nigerians.

The Council of State had during the meeting urged the CBN to make the new naira notes available alongside the old notes in order to address the tension created by scarcity of the banknotes in the country.

Lawan said: “For us in the Senate, initially we felt that this policy in the first place is not a bad one. But we also feel there is no need for time limit.

The Council of State had during the meeting urged the CBN to make the new naira notes available alongside the old notes in order to address the tension…

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