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President Bola Ahmed Tinubu has said that the naira redesign policy by the Central Bank of Nigeria (CBN) would be reviewed.
The president stated this today during his inaugural speech at the Eagles Square in Abuja, Federal Capital Territory.
According to him, “the currency swap was too harshly applied by the CBN given the number of unbanked Nigerians.
President Tinubu further stated that while the policy is being reviewed, his administration will in the meantime, treat both currencies as legal tender.
He also noted that Nigeria’s monetary policy needs thorough housecleaning.
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