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

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

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

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.”

States
Police impound 121 vehicles, prosecute 114 traffic offenders in Gombe
The CP said that the vehicles were impounded and the prosecution of offenders was carried out within 22 days.

NationWide
ICPC’s court order breach claim false, says El-Rufai
Mr El-Rufai described the ICPC’s July 7 statement as inaccurate in both facts and law.

Economy
Naira further depreciates, loses N3.32 against dollar at official market
Data from the official website of the Central Bank of Nigeria (CBN) revealed that the naira lost N3.32.

Sport
Chelsea, Manchester United agree £50 million deal for Andrey Santos
Santos will undergo a medical to finalise his move to Old Trafford.

NationWide
NDC senatorial candidate blames civic apathy for Nigeria’s crises
Mr Orette criticised the growing culture of celebrating politicians rather than evaluating their competence.

Economy
CBN seeks bold ESG reforms to unlock Africa’s sustainable growth
Mr Ikeazor said Africa was warming rapidly and facing its worst climate crisis in more than a decade.





