The governor of Kaduna state, Nasir El-Rufai, praised President Muhammadu Buhari’s goal behind the new naira policy but criticized the timing of the change as lacking “political and economic reason.”

In an interview with Channels TV’s Sunrise Daily on Wednesday, the governor made this claim.

El-Rufai asserted that although the strategy was the proper course of action for bringing about the transformation the nation longs for, its timing and timeframe rendered it ineffective.

You have to comprehend the President, he said. The Central Bank Governor is being held responsible for the redesign of the currency, but No. You need to go back and consider Buhari’s initial public appearance as military head of state.

“He did this; the Buhari-Idiagbon regime changed our currency and did it in secrecy with a view to catching those that are stashing away illicit funds. It is a very good intention. 

“The President has his right. But doing it at this time within the allotted time does not make any political or economic sense,” El-Rufai said.

The governor added that Buhari had successfully reformed the naira during his first term as Nigeria’s head of state.

El-Rufai claimed that some unnamed individuals were thwarting the President’s attempts to enthrone a working Nigeria by taking advantage of his desire to do so.

They are hiding behind the President’s determination to uphold what he believes to be moral, he continued. I’ll use these two as examples: We all agreed that this petroleum subsidy, which is costing the nation trillions of naira, would be eliminated.