January 28, (THEWILL) – President Muhammadu Buhari on Saturday, said the ongoing currency swap targets people hoarding illicit funds and not the businesses and common people.
This is as he assured Nigerians that the government will ensure that citizens are unharmed in their businesses and no disruption is caused to the entire supply chain arising from the currency swap due to end shortly.
The President in a statement issued on Saturday, by his Senior Special Assistant on Media and Publicity, Garba Shehu, maintained that it had become necessary to prevent counterfeits, corruption, and terrorist funding, assuring the public that the change will help stabilise and strengthen the economy.
While taking note that the poorest section of society is facing hardship as they often keep hard cash at home for various expenses, President Buhari gave strong assurances that the government will not leave them to their fate.
He reiterated that a number of initiatives by the Central Bank of Nigeria (CBN) and all commercial banks are underway to speed up the distribution of the new notes and do all that is necessary to forestall cash squeeze and chaos.
