President Muhammadu Buhari has ordered the Central Bank of Nigeria (CBN) to return into circulation the old N200 notes.
The President who gave the order in a broadcast on Thursday morning, said the old N200 note will be spent alongside the new notes of N200, N500 and N1000.
He said the old N200 note will be spent till April 10, 2023.
Mr Buhari in the broadcast also urged Nigerians to vote for the candidates of their choice in the February 25 and March 11 elections.
“Fellow citizens, on the 25th of February, 2023 the nation would be electing a new President and National Assembly members. I am aware that this new monetary policy has also contributed immensely to the minimization of the influence of money in politics.
“This is a positive departure from the past and represents a bold legacy step by this administration, towards laying a strong foundation for free and fair elections.
“I urge every citizen therefore, to go out to vote for their candidates of choice without fear, because security shall be provided and your vote shall count.
“I however admonish you to eschew violence and avoid actions capable of disrupting the electoral processes. I wish us all a successful General Elections,” he said.