New Naira Crisis: APC Governors Begs President Buhari To Allow Old, New Notes To Co-exist



President Muhammadu Buhari was on Friday urged to allow the old and new naira notes to co-exist to ease the suffering of Nigerians.


The request came from the governors elected on the platform of the ruling All Progressive Congress (APC).


Addressing journalists on behalf of the APC Governors, the Kaduna State Governor, Nasir El-Rufai, said that while the Central Bank of Nigeria (CBN) mopped up over N2 trillion of the old notes, it printed only N300 billion, which he said is not enough.


El-Rufai argued that even if the CBN had wanted to implement the cashless policy, it should have printed half of what it mopped up, for a start, which ought to be N1 trillion.


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