President Tinubu Mulls Extension Of Old Naira Notes Deadline

The Central Bank of Nigeria (CBN) had redesigned the naira last year and set a deadline that was extended after the outcry.

Nigeria’s number one man, President Bola Ahmed Tinubu is now thinking of extending the validity of old naira notes, Daily Trust reports.

The Central Bank of Nigeria (CBN) had redesigned the naira last year and set a deadline that was extended after outcry.

However, ruling in a suit filed by some aggrieved governors,  the Supreme Court shifted the deadline to December 2023.

But in an Advisory Report released by President Bola Ahmed Tinubu’s Policy Advisory Council chaired by Senator Tokunbo Abiru, a December 2024 deadline is said to be considered 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, his predecessor.

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 4-year mandate, having been elected on February 25, 2023.

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, which was finally implemented by the CBN on Wednesday.

Daily Trust understands that the council will be inaugurated at the Presidential Villa in Abuja on Thursday.

Related: You may not be lucky to come out alive – Nigerian OAP advises men to resist any form of romantic relationship with married women

Last updated: Just Now2026-04-16T08:14:55+01:00

Share On:

Nigerian / African Music Darkoo – Solar ft. Ruger

Nigerian / African Music Angélique Kidjo – Aye Kan (Are You Coming Back?) ft. Ayra Starr

Nigerian / African Music Jeriq – WINNER

Nigerian / African Music ZerryDL – Igho

Nigerian / African Music ZerryDL – Stack ft. Jenerall, Tega Boi DC

Nigerian / African Music Black Sherif – PopStar

Nigerian / African Music DJ Big N – I Like To Party ft. Phyno

Nigerian / African Music Boy Spyce – Arise ft. Falz

Nigerian / African Music Evado – Thankful ft. Jeriq

Nigerian / African Music Evado – Chisom ft. DanDizzy