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Naira Redesign: CBN pledges to protect interests of rural dwellers

The Central Bank of Nigeria (CBN) has pledged to protect interests of millions of unbanked and underserved Nigerians, who mostly reside in the rural areas.
The apex bank made the pledge on Sunday, in a statement by its Director, Corporate Communications, Mr Osita Nwanisobi, against the backdrop of the planned redesign of certain denominations of the Naira.
Nwanisobi expressed satisfaction at the positive response of the banking public to the plan.
He said that the CBN remains committed to its seamless implementation, to preserve the integrity of the Naira by reducing the volume of cash outside the banking system.
In his words, “The CBN is pleased to note the positive response of the banking public to the policy through increased currency deposits across banks and other financial institutions.
Read Also: World Bank Lists Nigeria Among Countries with Huge Unbanked Population
“The CBN remains committed to the seamless implementation of the initiative to ensure the achievement of its objective to preserve the integrity of local legal tender.
“This will be achieved by reducing the significant amount of cash outside the banking system and its use for criminal activities, curtailing counterfeiting and promoting financial inclusion.”
Nwanisobi said that the CBN was taking steps to ensure that vulnerable Nigerians do not suffer untoward hardship due to the Naira redesign initiative.
“Accordingly, the banking public in rural and underserved areas may access CBN branches in the 36 states for enquiries.
“They can make enquiries about options for depositing their current N200, N500 and N1,000 notes, account opening process and financial access points,” he said.
According to him, agent locations across the country have been fully enabled for Bank Verification Number (BVN) registration, opening of bank accounts and eNaira wallets, electronic card distribution and cash deposit.
“Due to the policy, the agents have also been accorded priority to enable them to deposit cash collections through bank branches across the country.
“The CBN shall continue to monitor developments and issue updates to the banking public on the implementation of the Naira redesign policy as may be necessary,” he said.
Naira Redesign: CBN pledges to protect interests of rural dwellers
Headlines
Tinubu arrives Katsina to receive Buhari’s body for burial

President Bola Tinubu, on Tuesday arrived in Katsina to receive the remains of the former President Muhammadu Buhari, who passed away in London on Sunday at the age of 82.
Headlines
“He Never Turned His Back on the Needy” — Tributes Pour In Ahead of Buhari’s Burial

Just hours before the burial of former President Muhammadu Buhari, heartfelt tributes have continued to pour in from beneficiaries of his many charitable deeds, with many describing him as a man who never turned his back on the needy.
Speaking to the News Agency of Nigeria (NAN) on Tuesday, Aminu Daura, a respected community elder, recalled how Buhari consistently provided foodstuffs during Ramadan for families, friends, widows, and orphans in his hometown.
“He never made noise about it, but many homes had food on their tables during fasting period because of him,” Daura said.
Abdullahi Sani, a physically-challenged man who received a tricycle from the Buhari Foundation in 2021, was overcome with emotion while speaking to NAN.
“I can move around and feed my family today because of Baba Buhari. I pray to Allah to reward him for giving hope to people like me,” he said, in tears.
Hajiya Fatima Yahaya, another resident, remembered Buhari’s acts of kindness during festive seasons.
“Even after he left office, his aides ensured that the usual support still reached us every year. He always remember his people,” she said, referring to his distribution of Sallah rams and food items to indigent families during Eid celebrations.
Other residents of Daura also shared memories of how the late former president quietly paid school fees and medical bills for struggling families, actions rarely publicized.
“Some of us benefited from his silent interventions. He was a true father and a great figure in the society,” said Ali Saidu.
On Monday night, Imams across various mosques in Daura held special Qur’anic recitations, praying for the forgiveness of Buhari’s sins and his eternal peace.
The Chief Imam of Daura Central Mosque, Sheikh Musa Kofar Barau, described Buhari as a humble leader whose legacy of service and compassion would remain alive in the hearts of the people.
Buhari is scheduled to be buried later on Tuesday in his hometown of Daura, Katsina State, in line with Islamic rites. The community is bracing to welcome thousands of mourners from across Nigeria and beyond.
Headlines
King Mohammed VI Mourns Buhari, Praises Legacy of Nigeria’s Former Leader

His Majesty King Mohammed VI of Morocco has extended heartfelt condolences to President Bola Tinubu, the family of the late former President Muhammadu Buhari, and the entire Nigerian people following Buhari’s death.
In a message of sympathy, the Moroccan monarch described the passing of the former Nigerian leader as a “sad occurrence,” expressing deep sorrow over the loss.
King Mohammed VI hailed Buhari as “an illustrious leader who worked untiringly to serve his country’s best interests and lead his people toward further progress and prosperity.”
He added: “Our thoughts and prayers are with you and the bereaved. I share your grief and want you to know how much I appreciated the working sessions I had with the deceased.”
Reflecting on their bilateral engagements, the king noted that his collaboration with Buhari led to the launch of promising development projects, “ushering a new era grounded in friendship and close cooperation between our two sister nations.”
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