Nigeria's Naira Redesign Policy Failed To Checkmate Vote Buying During General Elections — Ex-Finance Minister | Sahara Reporters

  • 📰 SaharaReporters
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 63%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Dr Kalu Idika Kalu, a two-time Minister of Finance, has stated that the recent Naira redesign policy of the Central Bank of Nigeria, CBN, was unable to checkmate vote buying during the just concluded general elections. Dr Kalu who made this known while featured on the IkengaOnline monthly town hall meeting said the currency change was not even a monetary policy, while calling for purposeful planning to avoid plunging the country into economic confusion.

Nigeria's Naira Redesign Policy Failed To Checkmate Vote Buying During General Elections — Ex-Finance MinisterDr Kalu who made this known while featured on the IkengaOnline monthly town hall meeting said the currency change was not even a monetary policy, while calling for purposeful planning to avoid plunging the country into economic confusion

He described the policy as useless and ill-advised, lamenting that the policy instead of achieving any good objective brought misery to Nigerians. He explained that there was so much wastage in the Federal, State and Local Government Areas as a result of financial recklessness which must be plugged by the incoming government. He stressed that substantial funds could be saved from the high cost of governance and deployed to the development of infrastructure, education and the health sector.

The former presidential candidate of the New Nigeria Peoples Party, NNPP, further regretted that “Nigeria borrowed so much from the US constitution but failed to borrow enough from her accountability system.”

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

Most bank compromised

It was made to aid tinubu and checkmate atiku. Don't deceive anybody

But one of the reasons for Zamfara state gov failure in getting re-election was Naira design policy, so it did work whether they like it or not.

Indeed FG Try too much but the politicians picked a new way to distribute food items

That is a lie

Has nothing to offer Nigerians so sorry 🙏

'If Buhari's APC is in charge of Sahara desert, in 3 yrs there'd be a shortage of sand' APC , scam, loot, terrorists.

It's all part of the plot to 🌽 fuse the people so they can perfect their rigging plot

Political weaponization of poverty is real in Africa and they engage in vote buying using both cash and in-kind strategies.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 9. in BE

Belgique Dernières Nouvelles, Belgique Actualités