President Muhammadu Buhari assured Nigerians that scarcity of new naira notes will soon end.
The President,who disclosed this in a statement on Saturday by his Senior Special Assistant on Media and Publicity, Garba Shehu,also said the Central Bank and commercial banks were working to resolve the challenges.
According to him,a number of initiatives by the Central Bank and all commercial banks are underway to speed up distribution of the new notes and do all that is necessary to forestall cash squeeze and chaos.
He promised that his administration would ensure that citizens are unharmed in their businesses and no disruption is caused to the entire supply chain arising from the currency swap due to end shortly.
He maintained that the currency changes were aimed at people hoarding illicit funds and not the common man.
He explained that it had become necessary to prevent counterfeits, corruption, and terrorist funding.
He assured that the development will stabilise and strengthen the economy.