Ahmad Gumi, an Islamic cleric, says the naira redesign
policy by the Central Bank of Nigeria (CBN) will make kidnappers resort to
dollars for ransom.
On October 26, the CBN announced that it has redesigned some
new naira notes.
The apex bank said the new notes include N200, N500 and
N1000, adding that the new design and issues will be effective from
mid-December 2022.
Reacting to this development, Gumi said the policy is coming
at the wrong time and will cast economic woes on the citizens.
“As for the question of starving kidnappers of the naira, it
goes without saying that they will resort to dollars and other hard currencies
which will further put more pressure on it making the rotten situation worse,”
he said.
“This is no time for economic kamikaze! People that sell
goods will tell you that most Nigerians don’t have the money to buy things;
therefore most traders are running at a loss and are already folding up. At
this junction, anything that can cause a cash crunch will be a disaster for the
nation.
“Many good ideas are marred by wrong timing. This is likely
to be another one. No matter how ingenious the hatchers may romanticize; the
benefit will remain phantom since the reality on the ground is incongruous and
it spells doom for the escapade.
“This kind of programme is not for a government that is in
the throes of its demise. If there is any advantage of such adventures, it
usually comes after many years of excruciating poverty and hardship which no
well-meaning government should hand over such cruelty to any incoming
government to manage.”
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Am sure you are one of the godfathers of this terrorists. You seem to know them very well and what next they will demand. God helps us, this is no country. Nothing seems to work, you being a cleric can't even preach to them to repent now.
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