UPDATED: Though Nigerians are suffering, they support Buhari’s naira policy – Presidency

Although Nigerians are suffering from the recent naira policy of the Muhammadu Buhari administration, many of the citizens still support the policy, an official has said.

Garba Shehu, President Buhari’s spokesperson, said this in a statement sent to PREMIUM TIMES Monday.

“As for the cashless system the CBN is determined to put in place, it is a known fact that many of the country’s citizens who bear the brunt of the sufferings, surprisingly support the policy as they believe that the action would cut corruption, fight terrorism, build an environment of honesty and reinforce the incorruptible leadership of the President,” Mr Shehu wrote.

The naira redesign policy has had a significant impact on Nigerians, particularly on businesses and individuals who have been affected by the scarcity and confusion surrounding the validity of the old notes as a legal tender.

The Nigerian government and the Central Bank of Nigeria (CBN) have defended the naira redesign policy,…