{"id":271019,"date":"2023-05-29T13:51:33","date_gmt":"2023-05-29T12:51:33","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=271019"},"modified":"2023-05-29T13:58:03","modified_gmt":"2023-05-29T12:58:03","slug":"breaking-ill-review-buharis-naira-redesign-policy-tinubu","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2023\/05\/29\/breaking-ill-review-buharis-naira-redesign-policy-tinubu\/","title":{"rendered":"BREAKING: I\u2019ll Review Buhari\u2019s Naira Redesign Policy \u2013 Tinubu"},"content":{"rendered":"<p>President Bola Ahmed Tinubu has vowed to review the naira redesign policy of his predecessor.<\/p>\n<p>Tinubu made the vow in his inaugural address delivered at the Eagle Square, Abuja.<\/p>\n<p>He also said both new and old currency notes would be treated as legal tender.<\/p>\n<p>He said: \u201cMonetary policy needs thorough house cleansing. The Central Bank must work towards a unified exchange rate. This will <a href=\"https:\/\/www.withinnigeria.com\/news\/2022\/11\/10\/naira-redesign-no-going-back-buhari\/\">direct funds<\/a> away from arbitrage into meaningful investment in the plant, equipment and jobs that power the real economy.<\/p>\n<p>\u201cInterest rates need to be reduced to increase investment and consumer purchasing in ways that sustain the economy at a higher level. Whatever merits it had in concept, the currency swap was too harshly applied by the CBN given the number of unbanked Nigerians.<\/p>\n<p>\u201cThe policy shall be reviewed. In the meantime, my <a href=\"https:\/\/www.withinnigeria.com\/news\/2022\/10\/30\/naira-redesign-cbn-has-my-backing-buhari-disowns-finance-minister\/\">administration<\/a> will treat both currencies as legal tender.\u201d<\/p>\n<p>Details later\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Bola Ahmed Tinubu has vowed to review the naira redesign policy of his predecessor. Tinubu made the vow in his inaugural address delivered at the Eagle Square, Abuja. He also said both new and old currency notes would be treated as legal tender. He said: \u201cMonetary policy needs thorough house cleansing. The Central Bank [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":271025,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":{"source_name":"","source_url":"https:\/\/dailytrust.com\/breaking-ill-review-buharis-naira-redesign-policy-tinubu\/","via_name":"","via_url":"","override_template":"0","override":[{"template":"2","single_blog_custom":"211693","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"0","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"1","post_reading_time_wpm":"300","show_zoom_button":"1","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"0","show_prev_next_post":"0","show_popup_post":"0","number_popup_post":"1","show_author_box":"0","show_post_related":"0","show_inline_post_related":"1"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored by","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo_enable":"0","sponsored_post_logo":"","sponsored_post_desc":"","disable_ad":"0"},"jnews_primary_category":{"id":"","hide":""},"jnews_override_bookmark_settings":{"override_bookmark_button":"0","override_show_bookmark_button":"0"},"jnews_override_counter":{"override_view_counter":"0","view_counter_number":"0","override_share_counter":"0","share_counter_number":"0","override_like_counter":"0","like_counter_number":"0","override_dislike_counter":"0","dislike_counter_number":"0"},"footnotes":""},"categories":[5,2],"tags":[120,56765,65074,28],"class_list":["post-271019","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking","category-national","tag-breaking","tag-naira-redesign-policy","tag-review-buharis-policy","tag-tinubu"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>BREAKING: I\u2019ll Review Buhari\u2019s Naira Redesign Policy \u2013 Tinubu<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.withinnigeria.com\/news\/2023\/05\/29\/breaking-ill-review-buharis-naira-redesign-policy-tinubu\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BREAKING: I\u2019ll Review Buhari\u2019s Naira Redesign Policy \u2013 Tinubu\" \/>\n<meta property=\"og:description\" content=\"President Bola Ahmed Tinubu has vowed to review the naira redesign policy of his predecessor. Tinubu made the vow in his inaugural address delivered at\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.withinnigeria.com\/news\/2023\/05\/29\/breaking-ill-review-buharis-naira-redesign-policy-tinubu\/\" \/>\n<meta property=\"og:site_name\" content=\"NEWS PICKS \u2014 WITHIN NIGERIA\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/facebook.com\/withinnigeria\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-29T12:51:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-29T12:58:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.withinnigeria.com\/news\/wp-content\/uploads\/sites\/5\/2023\/05\/ola_peter\/2023\/05\/29\/tin-ft.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"460\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Davies Ngere Ify\" \/>\n<meta name=\"twitter:card\" 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