Finance Minister Disagrees With CBN Over Naira Redesigning

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Two days after the Central Bank of Nigeria (CBN) announced planned redesign of the naira the minister of Finance, Budget and National Planning, Zainab Ahmad,

Speaking during the budget defence, Senator Opeyemi Bamidele noted 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.

“To me, the policy may be a well conceived one, but the timing going by realities on ground is very wrong as the Naira may fall to as low as N1,000 to a US dollar before January 31, 2023 which is a time fixed for full implementation of the policy,” Opeyemi said. “Distinguished Senators, we were not consulted at the Ministry of Finance by CBN on the planned naira redesigning and cannot comment on it as regards merits or otherwise.

 

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That shows the level of ineptitude and confusion in this Buharis corrupt government

Stack money is in place be that lol

Exactly nobody supported, ' part of Biafra agenda '

Zainab is being clever by half...It would seem that the policy has roped her and some of her ilk..Nowhere to hide stolen money..they will be forced to spend it when they can't see dollars to buy.The policy has pros and cons - like 2 sides of a coin.i'd say let's take our chances

Could that critical decision had been made without the input of the Federal Ministry of Finance that is the supervising Ministry?

Another bang in town haaaa

Time to sack Mefy.

🔺story if the gods🎭. 🚩can emefiele and person that is for 'everyone and not for everyone' buhari be partners in success about money and zainab is behind the closed door?👿 Ndh👟

Maybe the redesign will do away with the Arabic inscriptions of her paymasters.

Confusion here and there. So you mean cbn governor can just initiate a policy without government knowing?

Does this government have direction at all? Imagine a supervising minister countering a policy being conceived by a governor of CBN and the their principal is just looking like m... m..

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