Wednesday, July 8, 2026

New Naira Notes: Bishop cautions CBN against adding to Nigerians’ sufferings

Bishop of the Catholic diocese in Oyo said that governance and policies must have a human face.

• January 28, 2023
Bishop, Catholic Diocese of Oyo, Emmanuel Badejo
Bishop, Catholic Diocese of Oyo, Emmanuel Badejo

Bishop of the Catholic Diocese of Oyo, Emmanuel Badejo, has called on the federal government not to allow naira notes redesign to cause more hardship for the masses.

In a statement on Saturday in Ibadan, Mr Badejo said governance and policies must have a human face.

The cleric said that scarcity of the new Naira notes would inflict suffering on Nigerians.

He lamented that many citizens deposited their old naira notes without any guarantee of getting the new notes. 

He added that the Central Bank of Nigeria’s insistence on the January 31 deadline was only justifiable if necessary things were in place.

“Why should the general public suffer?” he queried. “The story is even direr in large swathes of the country where there is no banking service whatsoever within kilometres. Are those living there not Nigerians too?”

He lamented that the situation was more “complicated” given the fuel scarcity and increased price of commodities.

“All these are coming on top of skyrocketing prices of goods and services, sending the anger and frustration of struggling masses through the roof, with the 2023 General Elections only weeks away,” he said.

The Nigerian government and its officials must react quickly to the current hard times.

“If the monetary policy is hurting the same people it intends to serve, why can’t some modification be made to its timing and execution?” he asked.

He said the government policies and actions should be targeted at making life better for the masses.

“Therefore, in executing even the best and most urgent policies, the people’s interest must be at the centre,” Mr Badejo said. 

(NAN)

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

farmers

Agriculture

FG tasks ECOWAS on leveraging financing strategies for agroecology

The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Katsina State

Politics

Katsina youths pledge to deliver over 2 million votes to Atiku

“Katsina State is Atiku’s political base because it is his second home.”

Armed Cops

States

Bayelsa: Father, son arrested for illegally possessing guns

The Bayelsa police command says it has arrested a 68-year-old man and his 36-year-old son for illegally possessing four single-barrelled firearms.

Plastic bags waste

Africa

Tunisia proposes ban on single-use plastic bags

Members of the Assembly of People’s Representatives in Tunisia have put forward a legislative initiative aimed at a nationwide ban on single-use plastic bags.

NSCDC armed female squad

Politics

1,300 NSCDC officers to provide security for Edo LG elections

The Nigeria Security and Civil Defence Corps has deployed 1,300 operatives across Edo’s three senatorial districts to provide security for Saturday’s local government elections.

International Space Station

World

BRICS countries create network of telescopes to study short-duration space phenomena

According to TV BRICS, the network is the Global Open Transient Telescope Array, an international observatory of telescopes for observing transient phenomena.

Solar panels in residential place

NationWide

Fake solar panels in Nigeria could cause fire outbreaks, experts warn

The experts gave the warning in separate interviews on Wednesday, urging consumers to buy only genuine products from authorised dealers.

World

U.S. professor Daniel Taylor convicted of drug trafficking, faces 40 years’ imprisonment

Mr Taylor worked as an associate professor of marketing and supply chain management at Texas Tech University’s Rawls College of Business.