Naira re-design is a good development – Ogundana


The newly re-designed naira notes may have only been un-veiled on Wednesday, but Nigerians have already begun expressing exactly how they feel about the new notes both on social media and on the streets.

While some Nigerians have lamented that it is a waste of resources considering the country’s economic situation, others are of the opinion that it is a welcome development, as it will improve money circulation within the country.

Speaking to TV36o Nigeria, some Lagos residents say there is not much difference between the old and new notes.

They however urged the Central Bank of Nigeria to reconsider the deadline for the submission of the old notes.

For more insight into this development, Margaret Ogundana, Former deputy Director, Central Bank of Nigeria joins me now. It’s good to have you join me.

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