Bauchi Residents Laud Buhari for Approval, Use of Old N200 Note

Residents of Bauchi metropolis have lauded President Muhammadu Buhari
for approving the use of the old N200 note as legal tender up until April 10 in order to cushion the effects of the hardship arising from the recent monetary policy initiatives of the Central bank of Nigeria (CBN).
The News Agency of Nigeria (NAN) reports that Buhari, in an early morning broadcast on Thursday, gave approval to the Central Bank of Nigeria (CBN) to release the old N200 into circulation.
The presidents said “it (the old N200 note) should be allowed to circulate as a legal tender with the new N200, N500 and N1000 banknotes for 60 days from Feb. 10, 2023 to April 10, 2023.”
In their reactions to the approval, some Bauchi residents thanked the president for taking the decision.
Mrs Mercy Emmanuel, a food vendor at Gidan Mai Motor Park, described the measure as a welcome development which would help citizens, especially the vulnerable ones.
She said “the 60 days of grace given to us to continue to spend the N200 old note would cushion the hardship in the land because most of us use the N200 notes.
“So, I believe the extension would relieve people from the hardship.”
Mr Japhet Audu, a teacher in a public school, said that the old N200 note would assist the masses to attend
to their basic needs.
He, however, said “but my worry is the availability of the notes. From what we have seen so far, it is only the N1000 notes that is more in circulation. “We are calling on the authorities to make the old and new N200 notes available.”
Malam Sani Saminu, who has a provision shop at Wuntin Dada in Bauchi, also called on the CBN to make the new notes available. He said “people waste much time in long queues at the counter or the Automated Teller Machine (ATM) trying to access cash, noting that he spent more than five hours at UBA Wunti Market Branch just collect N20,000.
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