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Naira Redesign: Finance minister disowns policy, warns CBN of consequences

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Forty Eight hours after the announcement of Naira redesign fixed for December 15, 2022 by the Central Bank of Nigeria ( CBN), the Minister of Finance , Budget and National Planning , Zainab Ahmad , has  disowned the policy .

The Minister who commented on the policy in response to questions raised by Senator Opeyemi Bamidele during the 2023 budget defence session she had with the Senate Committee on Finance , warned CBN of consequences that may arise from it .

Senator Bamidele had told the Finance Minister that barely two days after announcement of the policy by CBN , repercussion of it on the value of Naira to US dollar was being felt .

The CBN Governor, Godwin Emefiele   on Wednesday  said that the apex bank would redesign the country’s currency from 200 Naira denomination to N1,000 notes




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