Islamic minister, Ahmed Gumi has censured the move by the National Bank of Nigeria, CBN to re-plan some Naira notes, saying whatever can cause more money crunch will be a catastrophe for the country.
Everyday POST reviews that the National Bank of Nigeria, CBN, Lead representative, Godwin Emefiele, on Wednesday uncovered that the summit bank will, from December 15, 2022, issue upgraded N200, N500, and N1,000 notes.
The advancement has been producing responses from concerned residents who are of the assessment that the move would depend on more mischief than the designated objective.
Sharing his view, Gumi in a proclamation on his Facebook page on Saturday morning, said a lot of Nigerians particularly those in the rustic regions rely upon cash exchanges.
Gumi cautioned that an unexpected change to a credit only or cash-starved society would imply “pauperizing them in a spate of a brief time frame that could set off – God Knows-an uncommon financial unrest in this semi-talented or untalented populace”.
Responding to hints that the move by CBN would injure fear mongers and diminish seizing, Gumi said “hijacking must be come by vigorous policing, civil rights for all, and fair abundance circulation, focusing on that any superficial means won’t stop it”.
The assertion peruses halfway, “Individuals that sell products will let you know that most Nigerians don’t have the means to purchase things; consequently most poultry brokers are running confused and are now collapsing up.
“Numerous smart thoughts are damaged by off-base timing. This is probably going to be another. Regardless of how clever the hatchers might romanticize; the advantage will stay ghost since the truth on the ground is muddled and it means disaster for the adventure”.