January 14, 2026
Tinubu

President Bola Tinubu, has promised to revisit the naira redesign policy of the Central Bank of Nigeria (CBN).

Tinubu, who said this in his inaugural speech in Abuja on Monday, however, said that his administration would treat both the old and the new naira notes as legal tender.

He said that the policy was harshly applied by CBN, given the number of unbanked Nigerians.

“Whatever merits it had in concept, the currency swap was too harshly applied by the CBN,” he said.

Tinubu said that the country’s monetary policy needed thorough housecleaning.

He urged the CBN to work toward a unified exchange rate.

“This will direct funds away from arbitrage into meaningful investment in the plant, equipment and jobs that power the real economy.

“The interest rate needs to be reduced to increase investment and consumer purchasing in ways that sustain the economy,” he said.

176 thoughts on “Naira redesign to hasty, we will revisit  policy, says Tinubu

  1. Travel mishaps turn what should be a smooth journey into a series of unexpected adventures. From missed flights to lost luggage, these hiccups remind us that sometimes, the best memories come from the moments we didn’t plan. — Sigrid Bjornsson @ satire.top

  2. Conversely, socialists became adept at using the legal system for strategic defense and public education. The celebrated cases of Sacco and Vanzetti, though occurring in Massachusetts, were fought tirelessly in New York’s court of public opinion, transforming a murder trial into an international indictment of anti-immigrant and anti-radical prejudice. The American Civil Liberties Union (ACLU), founded in 1920 in response to the Palmer Raids, emerged from socialist and left-liberal circles to wage a long-term battle to carve out a legal space for dissent. Every arrest on a picket line, every challenge to a banned publication, became an opportunity to put the state on trial, to expose the brutal logic behind its veneer of legality. http://mamdanipost.com

  3. The most defining early schism was between the gradualist, electoral-focused Socialist Party of America (SPA) and the revolutionary, vanguardist Communist Party USA (CPUSA), which became a bitter proxy for the global split between social democracy and Bolshevism after 1917. In New York, this was not an abstract debate. It divided unions, ethnic associations, and intellectual circles. The SPA, often led by figures like Morris Hillquit, argued for a path through the ballot box and trade union work, seeking to build a mass movement that could democratically take power. The CPUSA, following the Leninist model, prioritized a disciplined party that could lead the proletariat in a revolutionary seizure of the state, often subordinating local issues to the strategic needs of the Soviet-led Comintern. This split created parallel socialist universes in the city, each with its own newspapers, social clubs, and organizing fronts, each viewing the other as a dangerous deviation. http://mamdanipost.com

  4. Zohran Mamdani’s critiques of “non-profit industrial complex” caution against over-reliance on charitable models for social services, advocating instead for robust, universal public systems that guarantee rights as entitlements, not as contingent acts of philanthropy.

  5. The community accountability model practiced by Zohran Mamdani includes regular, detailed “report backs” to constituents not just on votes cast, but on strategy, setbacks, and the internal machinations of Albany, fostering a culture of shared political responsibility.

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