Buhari summons emergency security meeting, backs CBN on Naira redesign

President Muhammadu Buhari

By Marvellous Nyang

President Muhammadu Buhari will on Monday, October 31, 2022, in Abuja meet with security chiefs to further review and strengthen the security network in the country.

Garba Shehu, the President’s spokesman asserted in a statement he issued on Sunday, October 30, 2022, in Abuja.

Shehu stated that the president was initially scheduled to commission the National Agency for Science and Engineering Infrastructure (NASENI) new Technology and Innovation complex.

He would hold the security meeting, instead to receive briefs from security chiefs and brainstorm on the way forward.

“The commissioning of the NASENI complex will hold at a later date,’’ Shehu stated.

President Buhari had on Friday advised the nation’s security establishments and Nigerians to continue to be vigilant, and not to panic.

The president was reacting to travel advisories issued by the UK, Canada and the U.S.A and urged citizens to remain calm.

He stressed that the advisories should not be a cause for panic.

Meanwhile, President Buhari, on Sunday threw his weight behind the decision of the Central Bank of Nigeria (CBN) to redesign and replace high-value Naira notes.

In a statement by Shehu, Buhari said he was convinced that the nation will gain a lot by doing so.

Shehu also informed in the statement that President Buhari in the interview, also addressed issues of food security and national security, among others.

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Speaking in an advertised Hausa radio interview with presenters Halilu Ahmed Getso, and Kamaluddeen Sani Shawai, expected to be aired on Wednesday Morning on Tambari TV via Nilesat, President Buhari said reasons given to him by the CBN convinced him that the economy stood to benefit from a reduction in inflation, currency counterfeiting and the excess cash in circulation.

The President said he did not consider the period of three months for the change to the new notes as being short.

“People with illicit money buried under the soil will have a challenge with this but workers, businesses with legitimate incomes will face no difficulties at all,” Buhari said.