Barely two days after the Central Bank of Nigeria announced the redesigning of the Naira billed for December 15, 2022, the Minister of Finance, Budget and National Planning, Zainab Ahmad, has disowned the policy The Minister responding to a question raised by Senator Opeyemi Bamidele during 2023 budget defence session with…
The Minister responding to a question raised by Senator Opeyemi Bamidele during 2023 budget defence session with the Senate Committee on Finance she warned the CBN of the consequences that may arise from redesigning 200, 500, 1,000 naira notes.“Just two days after announcement of the policy, value of Naira to a US dollar has risen from N740 to N788 to a US dollar due to rush in exchange of stached Naira Notes for foreign currencies, particularly the dollar,” Bamidele 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.
To imagine that🤔.. This is more of Politics than Policy, is giving me headache 🙇🏽🙇🏽🙇🏽🙇🏽🙇🏽
It is stunning that the Minister of Finance isn’t aware of such a major decision by CBN. Does it mean the President wasn’t aware too? The CBN can decide to change currencies without advising the president? MBuhari you need to let us know who’s running Nigeria!!
😂😂
Omo.Nigeria sockerway billionaires has push her to disagree.
If federal government need some borrowing the will inform her but this is a critical national issue that requires critical approach because of her political affiliations it is better to skip her at the early stage.
She has stoled and stock pile our naira more than anything.
But the cenbank is autonomous and it's primarily responsible for monetary policy and management of the national currency. While the finance minister is responsible for fiscal policy. All the CBN governor needed to do, which he did, was obtain approval from the President.
Minister wey no sabi anything 😂😂😂
This is annoying
You sabi her personality well well. Nah she de feed school children too abi ?
Whose responsibility is it to redesign the naira; the finance minister or the CBN? Just wanna know
The most incompetent minister Nigeria has ever produced in the ministry of finance! She is so poor in thinking that she can’t resume the Nigeria Economy ! I support CBN policy to REDESIGN the naira! All her loot will be useless ! Shameless woman 👩
Madam Finance Minister, are you saying your principal MBuhari did not ask for your advice/opinion before giving approval? If yes, then thats another examples of bad and incompetent leadership from him
They’re hiding money at home and they don’t want their money to be useless
Does it mean that CBN governor wake up and call for media briefing without the knowledge of minister of finance. APC government under Buhari is something else.
You are disowning the policy after almost 300 billion Naira have been expended on it, right? Wake up, Madam Minister of Finance.
whether she disowns it or not,the masses have welcomed the idea so she has to accept what we have agreed to.
If na to go borrow, she go gree.