Currency is one of those ever-present objects in our lives, commodity that passes through our hands every day. So mundane that we do n’t really notice what it looks like each time we see it.
Nigeria has unveiled recently designed currency notes that the West African nation’s central bank says will help check affectation and money laundering, but so many people have criticized the move.
THE Author of Better Nigeria For Better People, Chief CBN Onwuasoanya Ezendigbo, switches out those against naira redesign policy by the central bank of Nigeria. According to him, we can not be frenetic at the glass because we are unattractive, numerous of us know what the country is facing.
Ezendigbo said that Nigeria have been floundering with problems of corruption, reason why so numerous people crying when currency redesign is n’t allien to utmost advanced nations.
Nigeria’s currency has not been redesigned in 19 years, and the new action is the rearmost introduced by policymakers in Africa’s biggest frugality in their hunt for a cashless and more inclusive economy.
In the U.K, £ 20 and £ 50 paper notes, has seized being legal tenders since September last year.
Once a presidential runner, Chief CBN Onwuasoanya Ezendigbo, said, “When there’s money laundering, why there won’t be naira redesign same way President Muhammadu Buhari did as head of state, then, people bemoaned there was no money. It happened in United States and United Kingdom when they changed, dollar, redesigned pound sterling because of numerous reasons.
We expect such move earlier before now by the regime of President Buhari and I must confess my excitement because we cannot be agitating for a better nation and against vibrant policies that makes her great, said Ezendigbo.
The money should come back into circulation, Nigeria will not be the first nation to do that, those who laundered money and kidnappers might have diverse opinion, but Buhari has made the nicest choice, he concluded.