President Bola Tinubu said Thursday that he was certain that the naira redesign policy of his predecessor would not stop Mr Tinubu’s victory in the 2023 presidential election.
The Muhammadu Buhari administration had announced that that policy would, among other things, limit the influence of money in the 2023 general elections.
Many Nigerians believed that the policy was targeted at preventing Mr Tinubu from becoming president despite being the candidate of Mr Buhari’s party. Some leaders of the ruling party, APC, such as then governor Abdullahi Ganduje of Kano State publicly stated that the policy was meant to weaken the party during the election.
The policy involved the confiscation of trillions of old naira notes and replacement with new notes for the highest denominations of the naira.
However, the new notes were grossly inadequate leading to the scarcity of naira and suffering by millions of Nigerians, particularly the poor citizens, who rely on cash for their…