Last year, the Central Bank of Nigeria redesigned the naira and set a deadline that was later extended in response to public outcry.
The Supreme Court, in a decision related to a lawsuit brought by some resentful governors, extended the deadline to December 2023.
However, a December 2024 deadline is stated to be taken into consideration for the old naira in a report released by the president policy advisory council, which is led by Senator Tokunbo Abiru.
Prior to being elected to the Senate to serve as the senator for Lagos East after the passing of his predecessor, Senator Gbenga Oshinowo, Abiru was the Chief Executive Officer of Polaris Bank.
Dr. Yemi Cardoso, a staunch supporter of the president and key player during Tinubu’s tenure as governor of Lagos State, is also a member of the council.
The policy also listed the goals the current administration intended to achieve over the next eight years, revealing Tinubu’s intention to run for re-election after serving his current four-year term.
Original texts supply: Daily Trust
