President Buhari Meets Reps Adhoc Committee Hours After Addressing Nigerians

President Muhammadu Buhari is currently meeting members of the House of Representatives Ad-hoc Committee.

The committee was set up to investigate the new Naira policy implemented by the Central Bank of Nigeria (CBN).

Naija News learnt that the meeting between the lawmakers and President Buhari is being held at the State House.

President Buhari’s meeting with the lawmakers is coming hours after he addressed Nigerians on the challenges faced due to the policy of the CBN.

In attendance are the chairperson of the ad hoc committee, Alhassan Doguwa, amongst others.

Buhari Extends Usage Of Old 200 Naira Notes, Sets New Deadline

In a related development, President Buhari on Thursday approved the continuous usage of the old 200 naira notes as legal tender until the 10th of April.

Buhari made this known in a nationwide broadcast on Thursday.

The president stated that the old 200 naira notes will be distributed back into circulation.

Buhari said: “To further ease the supply pressures, particularly to our citizens, I have given approval to the CBN that the old N200 bank notes be released back into circulation and that it should also be allowed to circulate as legal tender with the new N200, N500, and N1000 banknotes for 60 days from February 10, 2023, to April 10, 2023, when the old N200 notes cease to be legal tender.

“In line with Section 20(3) of the CBN Act 2007, all existing old N1000 and N500 notes remain redeemable at the CBN and designated points.”