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Implementation Of Naira Redesign Inhuman, Inconsiderate – Afenifere




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The pan-Yoruba socio-political organisation, Afenifere, has said the implementation of the naira redesign policy of the Central Bank of Nigeria (CBN) is inhumane and inconsiderate.

Speaking with Vanguard on Sunday, Afenifere spokesman, Jare Ajayi, said the implementation of the CBN policy has had negative effects on Nigerians and had caused pain and suffering.

Ajayi claimed that lives were still being lost, just as businesses were collapsing, adding that the Muhammadu Buhari administration will be judged with the controversial policy.

He bemoaned the refusal of President Buhari and the Governor of the CBN, Godwin Emefiele, to comply with the ruling of the Supreme Court.

He urged the President and the CBN governor to, as a matter of urgency, proclaim that all the currency notes, both old and new, should continue to be used by the public.

He said: “Just as the annulment came to become the yardstick to assess that regime, so will the inhuman, inconsiderate, and illegal ways of implementing the Naira redesigning eventually become the prism through which President Muhammadu Buhari administration will be judged.

”Unfortunately, the verdict is not going to be favourable to the administration in view of the number of lives that have been lost and the number of businesses that have been ruined due to lack of access to legitimately earned cash by citizens and business owners. As we speak now, lives are still being lost just as businesses are still collapsing needlessly.

“What makes the whole thing to be more worrisome is the refusal of President Buhari and Mr. Godwin Emefiele of the CBN to comply with the ruling of the Supreme Court.

”It is mind-boggling in view of their vow to act in accordance with the law. And the expectation that the welfare of the people is what these public officers would work for all the time.”

Ige Olugbenga is a fine-grained journalist. He loves the smell of a good lead and has a penchant for finding out something nobody else knows.