Obasanjo backs President Buhari’s policy currency redesign

Former President Olusegun Obasanjo has applauded naira redesign policy of President Muhammadu Buhari.

The Special Adviser, Media and Publicity to the President, Femi Adesina made this known in a statement he issued.

“Change was necessary from time to time, and resistance to change is normal,” Adesina quoted Obasanjo as saying during the council of state meeting on February 10.

He quoted Obasanjo as  saying that the policy would bring a “little bit of sanity into our elections and have a salutary effect on kidnapping and ransom taking, and corruption will be substantially reduced.

“The naira change policy is good, but implementation is the issue. If there’s inadequate supply, let’s have more. If there are unscrupulous people sabotaging the policy, let’s deal with them.

“I’ve experienced currency change at least more than half a dozen times. When we increased feeding In universities from 50 kobos to N1, it led to the ‘Ali Must Go’ riots. Resistance to change is normal, and people will always support, oppose, or be neutral.”