Economy
Naira Redesign: CBN did not consult us — Minister of Finance, Zainab Ahmed (Video)
Minister of Finance, Budget and National Planning, Zainab Ahmed, has rejected a plan by the Central Central Bank of Nigeria (CBN) to redesign naira, warning the apex bank of its consequences on the country’s troubled economy..
![](https://edujandon.com/wp-content/uploads/2022/10/20221029_080301.jpg)
Ahmed expressed her opposition to the policy in response to a question raised by Senator Opeyemi Bamidele during the 2023 budget defence session she had with the Senate Committee on Finance.
The Minister warned CBN of the consequences that may arise from the exercise.
Senator Bamidele had in his question, told the Finance Minister that barely two days after announcement of the policy by CBN , repercussions of it on the value of naira to US dollar was being felt .
Recall that the CBN Governor, Godwin Emefiele had Wednesday dropped the hint, revealing that the incoming exercise would redesign the Nigerian currency, starting from N200 denomination to N1,000 notes
Follow us on social media:Minister of Finance chides CBN Governor, Godwin Emefiele, for not consulting her Fiscal authority. This drama depicts how Buhari destroyed your Economy. Naira is now N785, after the Monetary authority announced the planned redesign. LCCI said Naira free fall will continue. 💔😭 pic.twitter.com/FA9bsaeW9i
— NEFERTITI (@firstladyship) October 29, 2022
-
Celebrity Gossip & Gist2 days ago
“When you talk finish, you hug transformer” – Yul Edochie tells Judy Austin’s ex-husband over his allegation
-
Health2 days ago
‘Stunning’ – Experts react to new twice-yearly injection that offers 100% protection against HIV/AIDS
-
News2 days ago
“9ja to the Universe” – Oyinbo people raise eyebrows as they dance to viral ‘Gwo gwo gwo ngwo’ challenge (Video)
-
News1 day ago
Tinubu meets APC governors as nationwide protest against hardship looms (Video)