Godwin Emefiele, CBN governor, had said the move was to control money supply and aid security agencies in tackling illicit financial flows.
Emefiele added that the new notes will be effective from mid-December 2022.
However, on Tuesday, the apex bank governor said the bank will no longer wait till December 15 to “unveil and release” the new notes.
He also insisted that the CBN will not shift the January 31, 2023 deadline for the deposit of current N200, N500, and N1,000 notes.
Speaking during the unveiling ceremony, Buhari underscored the importance of redesigning the naira notes, saying it will improve the economy and the value of the Nigerian currency.
He appealed to Nigerians to embrace the new policy to redesign the naira.
But, from views garnered from Twitter, it seems the redesigned notes did not meet the expectations of Nigerians as they took to the social media platform to express their displeasure.
Below are some of the reactions on Twitter.
The new Naira notes be like Wetin them use Biro design or na Snapchat filter them take snap am?
— LERRY 👑 (@_AsiwajuLerry) November 23, 2022
These are the New Designed Naira notes. So they just basically changed the color? And they would have spent billions to do this 🙄. pic.twitter.com/s1Cbtf28qt
— NKEM #PeterObi2023 (@Nkemchor_) November 23, 2022
The new naira notes look like the fake money you spend when playing Monopoly.
— Dodo (@dodobabs_) November 23, 2022
Omo no be me print am o… this is the new Naira notes not filter o! pic.twitter.com/KFtQaMAbAt
— Bayo Omoboriowo (@BayoOmoboriowo) November 23, 2022
JUST IN: Terrorists Rejects Old Naira Notes & Demand New Naira Notes for ransom payment from relatives of kidnapped persons in Kolo village, Gusau LGA of Zamfara State. 😳
— UNCLE DEJI™️ (@DejiAdesogan) November 23, 2022
These people just dipped the old Naira notes inside Hypo bleach 3 times, made some incantations and poured libation, then called it new Naira notes. God will judge Emefiele pic.twitter.com/NR4zr36DrJ
— Doctör Penking™ (@drpenking) November 23, 2022
New Naira notes be like … pic.twitter.com/sR7FwlCFQf
— 🐬 @OneJoblessBoy (@OneJoblessBoy) November 23, 2022
If I keep my old N1000 notes in the pocket of my jeans and wash them, won’t I get the new N1000 notes? pic.twitter.com/byhANevMjl
— Sandra Ezekwesili (@SEzekwesili) November 23, 2022
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