The federal government recently announced the redesigning of the naira notes and the people have been eagerly awaiting the result of this action by central bank of Nigeria.
Emefiele while responding to reporters in during the apex bank’s Monetary Policy Committee monthly meeting in Abuja, said that the purpose of the redesign was to boost the economy and reduce inflation.
President Buhari on Wednesday morning unveiled the redesigned naira notes across the N200, N500 and N1,000 denominations.
Buhari unveiled the notes at the Council Chambers of the State House shortly before the kickoff of this week’s Federal Executive Council meeting.
Reactions trail the release of the redesigned notes due to change in color especially.
Here are some of the reactions from various netizens.
There's difference between 'renovated' house and 'repainted' house. This 'house' is 'repainted' not 'renovated'. It is safe to say Naira notes were repainted not redesigned.
— Blessed (@BlessedOgochuku) November 23, 2022
when we talk about redesign, it means reworking on something, modifying it, and also the addition of more facilities or features to enhance looks, security and safety. I think we got it wrong from the start what was the purpose of redesigning.
— Marshal Skaye (@MarshalSkaye) November 23, 2022
https://twitter.com/abdulsalamisy10/status/1595479195970600960?s=20&t=ECcG0QUgnFLf3pN606srJg
What is with this FG and the past? Setting back the economy many years back and now bringing back the old note designs. Is this deliberate or a coincidence?
— Dayo Ademiluyi Ph.D (@dayoademiluyi) November 23, 2022
