Afrigather A former governor of Bayelsa state and senator representing Bayelsa West, Seriake Dickson, has mentioned that the timing of the naira redesign by the Central Financial institution of Nigeria (CBN) is unsuitable.
He famous that the apex financial institution ought to have launched the coverage below a brand new administration, The Punch stories.
The CBN governor, Godwin Emefiele, in October 2022, introduced that N200, N500, and N1000 notes can be redesigned, including that the brand new designs can be efficient from mid-December 2022.
He, nonetheless, mentioned that the prevailing currencies would stay authorized tender and flow into collectively till January 31, 2023, once they would stop to be authorized tender.
Dickson, whereas talking at an interactive programme by the Rotary Membership of Abuja, FCT, on Wednesday, January 25, mentioned that the implications of such an motion would have been well-managed by one other administration as the present one is already coming to an finish.
Dickson famous that, “The timing of the coverage is an issue irrespective of the intention of the management of CBN.
“I really feel that that is coming on the twilight of an administration of virtually eight years.
“I feel a significant elementary coverage resembling this could have been left for the subsequent administration to handle the implications.
“The coverage ought to have been applied after the forthcoming common elections.
“Let’s simply hope that the residents of Nigeria aren’t confused and agitated.
“I hope that this coverage is not going to distract Nigerians from specializing in having honest and peaceable elections.”
