Naira Redesign: Hardship Is Too Much, Ohanaeze Tells Buhari

Igbo socio-cultural organization, Ohanaeze Ndigbo, has urged President Muhammadu Buhari to address the hardship in the country following the implementation of the controversial naira redesign policy introduced by the Central Bank of Nigeria (CBN).

It asked the Federal Government to obey the Supreme Court order on the use of old currency till the end of the year which would immediately solve the pains and sufferings in the country.

The spokesman of the organization, Chidozie Alex Ogbonnia, stated this in an interview with Vanguard over the weekend.

Ogbonnia asked the government to enlighten traders and business owners rejecting the old naira notes that the old currencies were still accepted in all transactions.

He, however, said the naira redesign policy is a very good one that will improve the economy, and reduce the frequent cases of kidnapping in the country.

He said: “The policy is a very good one, it will help to improve the economy. The more cashless we go, the better for the country. Also, it will reduce the frequent cases of kidnapping and demand for ransom.

“However, the implementation is the problem. Ohanaeze had at the beginning of the exercise called on President Muhammadu Buhari to extend the time.

“They withdrew the old money without replacing them. Federal Government should let the people know that the old money is still accepted and they should also release them in line with Supreme Court directive.

“They should equally embark on enlightenment campaigns to inform the people that the old money is still in use to clear the hardship and confusion in the country. Evidently, the hardship is too much.”