I took harsh selections for Nigeria’s good – Buhari

The President, Main Normal Muhammadu Buhari (retd.), on Sunday, in Abuja, mentioned a few of the hard-hitting insurance policies of his eight-year regime had been for the “general good of the nation.”

Buhari who admitted that his insurance policies introduced “short-term ache and struggling” to tens of millions of Nigerians mentioned they “yielded the specified outcomes” nonetheless.

In a televised farewell message aired early Sunday, the outgoing President mentioned “In the middle of revamping the economic system, we made some tough decisions, most of which yielded the specified outcomes.

“A number of the measures led to short-term ache and struggling for which I sincerely apologised to my fellow countrymen, however the measures had been taken for the general good of the nation.”

The PUNCH reported that the naira redesign coverage of the Central Financial institution of Nigeria led to a nationwide scarcity of naira notes.

Many farmers, significantly these in distant villages, switched to commerce by barter to be able to feed, shedding about N30bn within the course of, the All Farmers Affiliation of Nigeria acknowledged.

The Affiliation of Senior Workers of Banks, Insurance coverage and Monetary Establishments additionally revealed that banks misplaced N5bn nationwide, following assaults and destruction of amenities by irate clients.

In early March, a supreme court docket ruling stopped the CBN from continuing with the coverage which deliberate to mop up N3tn of previous notes from circulation and introduce new ones in managed quantities.

All rights reserved. This materials, and different digital content material on this web site, might not be reproduced, revealed, broadcast, rewritten or redistributed in complete or partially with out prior specific written permission from PUNCH.

Contact: [email protected]