Naira Redesign: Extend timeframe for policy implementation, NGF tells Buhari

The 36 state governors of the Federal Republic of Nigeria under the platform of the Nigeria Governors’ Forum on Tuesday urged President Muhammadu Buhari to extend the timeframe for the implementation of the Naira Redesign policy.

The governors made their positions known in a statement signed by Sokoto State Governor and Chairperson of the Nigeria Governors’ Forum, Aminu Tambuwal.

In December 2022, the Central Bank of Nigeria (CBN) announced new limits for cash withdrawal, specifically limiting daily withdrawals to N20,000 for individuals and N100,000 for corporate organisations.