• Contcat Us
Sunday, October 5, 2025
Nigeria Today
  • Home
  • News

    China And Nigeria Reaffirm Strategic Partnership at PRC’s 76th Anniversary Celebration

    Experts, Diplomats Discuss Global Governance Initiative at Abuja Seminar

    China Commissions 15th Chinese Corner in Abuja to Boost Cultural and Educational Exchange

    China Commissions New Chinese Corner in FCT School to Deepen Educational Ties with Nigeria

  • World

    Bangladesh prime minister resigns, flees country after deadly protests

    U.S Supreme Court disqualifies Trump from 2024 presidency

    Calling President Xi a dictator ‘absurd and irresponsible’, China tells Biden

    Biden and China’s Xi met for three hours. Here’s what they talked about

  • Nigeria

    NCSP DG Urges Legislative Action to Deepen Nigeria-China Economic Cooperation

    FG Abandons Lagos-Calabar Coastal Highway Route, Reverts to Original Alignment

    Chinese-constructed light rail helps ease traffic flow in Nigeria’s Lagos

    We’ll Work With President-Elect Tinubu On Economy, Security & Job Creation – Chinese Envoy

  • Politics

    APC Affirms One-China Principle, Lauds Nigeria-China Partnership

    China’s national legislature opens annual session in Beijing

    Key highlights of President Xi Jinping’s meeting with President Tinubu

    Gov Uba Sani Engages CCECC in Beijing to Boost Kaduna State Projects

  • Opinion

    My China Story: A Journey Through Beijing, Wuxi, and Qingdao

    Several Common Fallacies on the Taiwan Question

    Chinanization And Nigerianization Of An International Agenda: A Symphony Of President Xi And Tinubu In Global Governance Structuration

    Understanding President Xi’s Global Governance Initiative and its Impact on Africa and Nigeria

  • Sport

    2025 World Relays: Chinese Embassy Refutes Claims of Visa Delays for Nigerian Contingent

    Haopeng Cup: CGC Wins 2024 CGCCN Basketball League

    China wins 12 Olympic swimming medals in Paris, shrugs off doping row

    Chinese athletes ready to chase perfection in Paris 2024

  • Culture

    China & Nigeria Celebrate International Day for Dialogue Among Civilizations

    Nigerian Students Shine at 24th Chinese Bridge Competition in Abuja

    China Marks 2025 International Chinese Language Day in Abuja

    Chinese Embassy in Nigeria Celebrates 2025 Spring Festival with Temple Fair

  • Videos
No Result
View All Result
  • Home
  • News

    China And Nigeria Reaffirm Strategic Partnership at PRC’s 76th Anniversary Celebration

    Experts, Diplomats Discuss Global Governance Initiative at Abuja Seminar

    China Commissions 15th Chinese Corner in Abuja to Boost Cultural and Educational Exchange

    China Commissions New Chinese Corner in FCT School to Deepen Educational Ties with Nigeria

  • World

    Bangladesh prime minister resigns, flees country after deadly protests

    U.S Supreme Court disqualifies Trump from 2024 presidency

    Calling President Xi a dictator ‘absurd and irresponsible’, China tells Biden

    Biden and China’s Xi met for three hours. Here’s what they talked about

  • Nigeria

    NCSP DG Urges Legislative Action to Deepen Nigeria-China Economic Cooperation

    FG Abandons Lagos-Calabar Coastal Highway Route, Reverts to Original Alignment

    Chinese-constructed light rail helps ease traffic flow in Nigeria’s Lagos

    We’ll Work With President-Elect Tinubu On Economy, Security & Job Creation – Chinese Envoy

  • Politics

    APC Affirms One-China Principle, Lauds Nigeria-China Partnership

    China’s national legislature opens annual session in Beijing

    Key highlights of President Xi Jinping’s meeting with President Tinubu

    Gov Uba Sani Engages CCECC in Beijing to Boost Kaduna State Projects

  • Opinion

    My China Story: A Journey Through Beijing, Wuxi, and Qingdao

    Several Common Fallacies on the Taiwan Question

    Chinanization And Nigerianization Of An International Agenda: A Symphony Of President Xi And Tinubu In Global Governance Structuration

    Understanding President Xi’s Global Governance Initiative and its Impact on Africa and Nigeria

  • Sport

    2025 World Relays: Chinese Embassy Refutes Claims of Visa Delays for Nigerian Contingent

    Haopeng Cup: CGC Wins 2024 CGCCN Basketball League

    China wins 12 Olympic swimming medals in Paris, shrugs off doping row

    Chinese athletes ready to chase perfection in Paris 2024

  • Culture

    China & Nigeria Celebrate International Day for Dialogue Among Civilizations

    Nigerian Students Shine at 24th Chinese Bridge Competition in Abuja

    China Marks 2025 International Chinese Language Day in Abuja

    Chinese Embassy in Nigeria Celebrates 2025 Spring Festival with Temple Fair

  • Videos
No Result
View All Result
Nigeria Today
No Result
View All Result
Home News

El-Rufai Says President Buhari’s Intention For The New Naira Note Is Good But The Timing Makes No Sense

by Nigeria Today
February 1, 2023
Reading Time: 2 mins read
0
3
SHARES
3
VIEWS
Share on FacebookShare on Twitter

Nasir El-Rufai, Governor of Kaduna state said the intention of President Muhammadu Buhari the new naira policy was good, but the timing of the naira redesign makes no “political and economic sense.”

The governor made this statement in an interview on Channels TV’s Sunrise Daily on Wednesday 1st February,2023.

According to El-Rufai, though the policy was the right way to go in achieving the desired change the country yearns for, the timing and deadline defeated its purpose.

He said, “You have to understand the President. People are blaming the Governor of the Central Bank for the currency redesign, but No. You have to go back and look at the first outing of Buhari as (military head of state).

“He did this; the Buhari-Idiagbon regime changed our currency and did it in secrecy with a view to catching those that are stashing away illicit funds which is a very good intention.

“The President has his right. But doing it at this time within the allotted time does not make any political or economic sense,” he said.

The governor also explained that Buhari had during his first stint as Nigeria’s Head of State redesigned the naira without hitches.

Meanwhile, El-Rufai said some unnamed people were exploiting the President’s desire to enthrone a working Nigeria to frustrate his efforts.

He said, “… they are hiding behind the President’s desire to do what he thinks is right. I will give two examples: this petroleum subsidy, which is costing the country trillions of naira, was something that we all agreed would be removed.

“In fact, I had a discussion with the President and showed him why it had to go. Because how can you have a capital budget of N200bn for federal roads and then spend N2tn on petroleum subsidy?

“This was a conversation I had with the President in 2021 when the subsidy thing started rising. He was convinced. We left. It changed. Everyone in the government agreed, and it changed.”

Tags: Nasir El-Rufainew naira notePresident Buhari

Related Posts

Business

China to establish Africa’s first local insulin production facility in Nigeria

September 25, 2025
News

China And Nigeria Reaffirm Strategic Partnership at PRC’s 76th Anniversary Celebration

September 25, 2025
News

Experts, Diplomats Discuss Global Governance Initiative at Abuja Seminar

September 19, 2025
News

China Commissions 15th Chinese Corner in Abuja to Boost Cultural and Educational Exchange

September 18, 2025
News

China Commissions New Chinese Corner in FCT School to Deepen Educational Ties with Nigeria

September 16, 2025
News

China Donates Books to FCT Schools, Strengthens Educational Ties with Nigeria

September 11, 2025
Next Post

NYSC Tasks Police On Protection Of Corps Members In Camps

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

POPULAR NEWS

Chinese Firm Not Involved In Shooting Of Immigration Officer – CGCCN

March 28, 2025

China Chamber of Commerce refutes media reports of alleged discrimination at Chinese Supermarket

April 22, 2024

FCT Schools win big at 2024 China-Nigeria Cultural Fiesta & Dancing Competition

November 7, 2024

China’s Independent Policy Of Peace And Friendly Cooperation

October 25, 2022

New Chinese Corner Inaugurated at FCT School

October 29, 2024

EDITOR'S PICK

Significance of BRICS And It’s Expansion

October 6, 2023

FCT Senator Advocates Stronger Partnership Between Nigeria and China in Tea Production

December 4, 2024

China aims to streamline forex procedures in new financial opening-up initiative

November 23, 2023

China’s Shaanxi sees record surge in foreign-invested firms in 2023

February 17, 2024
Facebook Twitter Youtube Whatsapp

About

Nigeria Today is a platform dedicated to bringing you precise and accurate news and information about Nigeria.

Follow us

Categories

  • Africa
  • Art and life
  • Business
  • China
  • Culture
  • entertainment
  • Health
  • News
  • Nigeria
  • Opinion
  • Politics
  • POPULAR NEWS
  • Science
  • Sport
  • Tech
  • Travel
  • Uncategorized
  • Videos
  • World

Recent Posts

  • My China Story: A Journey Through Beijing, Wuxi, and Qingdao
  • Several Common Fallacies on the Taiwan Question
  • China, Nigeria Deepen Cultural Ties at Mid-Autumn Festival Celebration in Abuja
  • China to establish Africa’s first local insulin production facility in Nigeria

© 2022 Nigeria-Today - News & Magazine

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Politics
  • World
  • Nigeria
  • Opinion
  • Sport
  • Culture

© 2022 Nigeria-Today - News & Magazine