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Thursday, 16 February 2023

CBN POLICY: President Buhari to address Nigerians this morning at 7am over naira scarcity



Nigeria’s President Muhammadu Buhari will today, Thursday, make a nationwide broadcast.
This was revealed by a presidential aide, Bashir Ahmed.



He tweeted late Wednesday night: “President Muhammadu Buhari will make a national broadcast tomorrow, February 16, 2023 at 7 am.
“Television, radio stations and other electronic media outlets are enjoined to hook up to the network services of the NTA and Radio Nigeria for the broadcast.”


This is coming amidst the worsening scarcity of the new Naira notes.
Angry citizens piled up pressure on Wednesday, with protests taking place simultaneously across the country.


Apart from attacks on some financial institutions, deaths have also been recorded as security agencies try to quell the uprising.

Recall that before the February 10 deadline, President Buhari had asked Nigerians to give his government one week to resolve the issues arising from the scarcity of the Naira notes.


However, with the deadline ended, and the Central Bank of Nigeria, CBN, insisting that there was no going back, there has been a grave silence from the presidency.

Efforts by some State governments to get a reprieve from the Supreme Court did not also yield result as the CBN remained adamant on its stand despite the ex parte order by the apex court.


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