Tinubu will reverse Naira swap when when he wins 2023 election - El-Rufai

Kaduna governor Nasir El-Rufai has advised the state residents not to be disturbed by the naira swap deadline and that they should continue to transact their business with whatever naira notes they have.

According to the El-Rufai, the naira swap will be reversed once the presidential candidate, Bola Tinubu wins the general election on February 25.

“Everyone, especially people in Kaduna should not be disturbed because of the naira swap deadline,” said the Kaduna governor in the Hausa language. “Continue running your businesses and daily activities with whatever notes (old or new) you have.”

He added, “And we will make sure to address this problem as soon as we win the election. That will be the first issue to tackle if we win the election.”

Speaking during a political meeting, Mr El-Rufai urged the residents to stop running to the banks to swap their old notes or obtain new money.

“Don’t rush yourself into taking old naira notes to the bank, and wasting your time in the unnecessary queues at the bank. Nobody can stop you (people) from using the notes,” Mr El-Rufai assured.

“When we come to power, (Insha Allah), if Bola Tinubu becomes the president, we’ll give people more time to get rid of the old naira notes.”

The Central Bank of Nigeria, had earlier announced that old denominations of the N200, N500 and N1000 notes would cease to be a legal tender from February 10 in the country.

This has since caused chaos and disturbance among Nigerians as the new naira notes are said to be insufficient causing severe uproar in banks, ATMs and other areas.

However, on Wednesday, the Supreme Court temporarily halted the Central Bank from withdrawing old naira notes from circulation.

BS