Controversy trails unveiling of new currency redesign.
While a few expressed anger that the Federal Government had abandoned its obligations and troubles that call for immediately answers, which include lack of confidence, gasoline shortage, growing unemployment, and food shortage, others trust it has a hidden purpose for the surprising selection.
A political analyst, Dr Reuben Omachi, additionally a former lecturer on the Usman Danfodiio University, Sokoto, stated the All Progressives Congress-led authorities desires to live in power beyond 2023 and is, consequently, making it hard for the opposition parties to stock enough cash to combat back.
Also speakme in an interview with DAILY POST on Friday, Dr. Moses Unubi, said the unveiling might take Nigerians lower back because it will take locals several months to apprehend and master the new foreign money notes.
According to Mr. Donatus Umoru, a political science student at the Ahmadu Bello University Zaria, he said the government was not interested in good governance, rather finding ways to make people poorer.
According to him, the rich who have stored up wealth for themselves, may equally become poor, since all eyes are on those who make huge deposits of old notes in banks.
Mrs. Susan Adokole felt the currency redesign would increase inflation, since more money will continue to chase few foodstuff/goods.
According to her, βeven if the country wants to change currency, it should have given more time for people to either make deposit or use the money to buy goods and keep.β
She blamed the President Muhammadu Buhari-led governnent for making life difficult, adding that the federal government abandoned its primary responsibilities for a decision that would make Nigerians poorer.
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