President Bola Ahmed Tinubu may have concluded plans to extend the validity of the old Naira notes.
Last year, Central Bank of Nigeria had redesigned the Naira, setting a deadline that was extended after outcry.
But while ruling in a suit filed by some aggrieved governors, the Supreme Court shifted the deadline to December 2023.
However, in an Advisory Report released by the Chairman of President Tinubu’s Policy Advisory Council, Senator Tokunbo Abiru, a December 2024 deadline is being considered for the old Naira notes.
Abiru was the Chief Executive Officer of Polaris Bank before his election into the Senate to represent Lagos East following the sudden death of Senator Gbenga Oshinowo.
A strong ally of the President, Dr Yemi Cardoso, who played key role when Tinubu was governor of Lagos State, is also a member of the Council.
The policy also outlined the planned achievements of the incumbent administration within eight years, revealing Tinubu’s plan to seek a second term.
Tinubu currently has a four-year mandate, having been elected on February 25, 2023.
The plans listed include doubling the economy to $1 trillion, achieving seven per cent average annual GDP rate; lifting 100 million people out of poverty; creating enabling environment to generate over 50 million jobs, among others.
The President’s position on abolishing of multiple exchange rate window, which was finally implemented by the CBN on Wednesday, is also listed in the advisory.