How Buhari changed mind on reintroduction N500, N1,000 notes

 Fresh facts indicated yesterday that a minister and a top government official changed the plan of President Muhammadu Buhari to allow the recirculation of old N200, N500 and N1,000 notes till April 10

  Also it came to light that state governors would have accepted the decision despite the fact that they wanted a minimum of one year timeline to change the redesigned notes to the new ones.

 The governors claimed, during discussions with some government officials, that their secret investigations confirmed that it might take the Nigerian Security Printing and Minting Plc over nine months to print N1 trillion of the new notes.

Findings by The Nation revealed that before his broadcast to Nigerians on Thursday, the President had received security reports on mass disenchantment with the Naira redesign policy.

Among other intelligence, the President got to know that the policy was ‘hurting’ the poor.

   Allowing the court to have the final say on the Naira redesign

Out of court settlement to save the economy of any jolt

The top source said: “After isolating the alternatives to prevent chaos, the President initiated a series of consultations with state governors, allies, strategists and gauging the mind of the Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele.

“The President was deeply concerned that the poor people were the most affected by naira scarcity.  Based on the assurance he got from Emefiele, he had hoped that the policy would be executed with slight dislocations