By Ambrose Igboke (Public Affairs Analyst) The Central Bank of Nigeria implementation of new naira notes policy is a cle
By Ambrose Igboke
(Public Affairs Analyst)
The Central Bank of Nigeria implementation of new naira notes policy is a clear manifestation of poor planning. The policy was announced 4 months ago but the actual circulation of the new notes started just a month ago. However, Nigerians were denied acccess to the new notes.
The ATMs and banks still dispensed the old notes even 48 hours ago. How does one explain a policy where old notes were returned to the banks and customers were given same old notes to circulate? It’s a paradox.
The plan to prevent corruption and vote buying by bullion van politicians have been taken care of by the withdrawal limits, so why punish Nigerians? Many businesses are now closed due to scarcity of Nigeria. Many families will starve this week due to lack of access to new naira notes.
History repeats itself; like 1984, like 2023!
Please click the link below to watch the rest of my submission
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https://youtu.be/gyOETThQHeA
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