Nigerians may continue to spend the old Naira notes till December 2024 if President Bola Tinubu takes the advice of his kitchen cabinet.
The Central Bank of Nigeria had redesigned the naira last year and set a deadline that was extended after much outcry.
However, ruling in a suit filed by some aggrieved governors, the Supreme Court shifted the deadline to December 2023.
But in an Advisory by President Bola Ahmed Tinubu’s Policy Advisory Council chaired by Senator Tokunbo Abiru, a December 2024 deadline has been suggested for the old naira notes.
Abiru was the Chief Executive Officer of Polaris Bank before he was elected into the Senate to represent Lagos East following the death of Senator Gbenga Oshinowo.
Also on the council is Dr. Yemi Cardoso, a strong ally of the president, who played key role when Tinubu was governor of Lagos State.
The policy also outlined the planned achievements of the incumbent administration within 8 years, revealing Tinubu’s plan to seek a second term.
Tinubu currently has a four-year mandate.
Listed among the plans are doubling the economy to $1 trillion, achieving 7% average annual GDP rate; lifting 100 million people out of poverty; creating enabling environment to generate over 50 million jobs, among others.
Also listed in the advisory is the president’s position on abolishing of multiple exchange rate window, now being implemented by the CBN.
