Group flays Adeboye On Naira Redesign

Group flays Adeboye On Naira Redesign

OpenLife Nigeria reports that a group called ‘The Conference of Nigerians for Peace and Good Governance,’ CONPAGG, has called on President Muhammadu Buhari to disregards Pastor Enoch Adeboye’s outcry on the decision to redesign certain categories of Naira, saying it is a legacy decision by the President.
The general overseer of the Redeemed Christian Church of God, RCCG, had faulted the decision of the Central Bank of Nigeria (CBN) to redesign the country’s currency notes.
Adeboye spoke on Friday during RCCG’s November holy ghost service at the church headquarters along the Lagos-Ibadan expressway.
The cleric said the policy “does not make sense” amid the free fall of the naira against foreign currencies.
Adeboye said the decision-makers initiated the policy without considering the current value of the naira and the prices of basic items in the country.
“You know what is going on in our country. It doesn’t even make sense anymore. Our naira now is not even worth the paper it is printed on,” the cleric said.
“While people are hungry, trying to find enough money to buy bread to eat, our bosses are thinking of making the naira more beautiful, even if it can’t buy bread, at least, it will look beautiful.
“We have problems in the land now. Things seem to be getting funnier and funnier. If you don’t learn to laugh in Nigeria now, you will develop hypertension.
Reacting, the group called on President Buhari to follow the Naira redesign.
The call was contained in a statement signed by the group’s National Coordinator, Dr Gbenga Olusegun and Director of Women Empowerment, Dr Mrs Zainab Maikanti.
The statement reads: “This landmark step (Naira redesign) will no doubt help to reduce inflation, currency counterfeiting and excess cash in the hand of desperate and criminal politicians who had stockpiled cash to rig the 2023 general election.
It would however be noted that on October 26, Godwin Emefiele, governor of the CBN, announced the plan to redesign the naira notes to control the money supply and aid security agencies in tackling illicit financial flow.
The decision of the CBN has elicited reactions as many Nigerians, including Godwin Obaseki, governor of Edo, kicked against the policy.