President Muhammadu Buhari has unveiled the redesigned naira notes on Wednesday morning before the federal executive council (FEC) meeting at the state house, Abuja.
The N1000, N500, and N200 notes, the highest currency denominations in the nation are the redesigned notes that were distributed to the general population.
The Central Bank of Nigeria’s (CBN) governor, Godwin Emefiele, was present at the unveiling ceremony.
Boss Mustapha, the secretary to the federation government, Ibrahim Gambari, the president’s chief of staff, and Folashade Yemi-Esan, the head of the federation’s civil service, were all present at the ceremony.
Speaking at the unveiling, Buhari emphasized the significance of revamping the naira notes, claiming that it will aid Nigeria in addressing the problem of illegal money flows, corruption, boost the nation’s economy, and increase the value of the naira.
He stated that the CBN’s initiative for monetary policy will benefit from the currency redesign as well.
President Buhari urged all Nigerians to embrace the new naira note so as to pull a stride in developing the nation.