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Tuesday, November 29, 2022

How do we expect the world and investors to take us serious?

The Central Bank Governor, Godwin Emefiele in a note of finality, told Nigerians that new 200, 500, 1000 Naira notes will be rolled out from December 15, 2022. I doubt if Emefiele would embark on this sensitive journey without a Presidential approval.

On the other side of the continuum, the Finance Minister, Zainab Ahmad said that the Ministry of Finance was not consulted; and that the planned redesigning of the Naira shall have serious consequences on the value of our Naira to other foreign currencies.

How do we expect the world and investors to take us serious when those managing our economy are muttering maledictions like those building the Tower of Babel?

Even if there were reservations, couldn’t a phone call, an  email or a meeting help to resolve the grey areas and restrategize if possible? Can policy makers in the house please, help throw light on what would have gone wrong?

Grace and peace!!!

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