How CBN’s Naira redesign policy forced kidnappers to go on strike, bandits on holiday – Minister


The Minister of Labour and Employment, Chris Ngige has disclosed that the naira redesign policy of the Central Bank of Nigeria (CBN) has ameliorated insecurity challenges in Nigeria.

The minister, who made the assertion on Wednesday during his appearance on Channels Television’s Politics Today programme, argued that there were sound benefits Nigerians derived from the aforesaid policy.

However, Ngige acknowledged that the policy brought pain to Nigerians because the implementation process was not smooth enough.

His words: “The policy is not smooth in its implementation. I admitted that. But whether it is a good policy? Yes, it is a good policy.

“It wasn’t smooth; it came with some pain but overall, did we get some sound benefits from it? Yes, we did: people didn’t buy votes on the line (queue) during the elections.

“I used to go for elections and I know what I see. There was no cash exchange for votes. It wasn’t easy anymore. Kidnappers are on break, they are strike so to say or recess. Bandits, they have also gone on holidays.”

Meanwhile, the minister while speaking on thse issue of the shelved strike by the Nigeria Labour Congress (NLC) said the apex bank has released cash into the society and assured Nigerians the pain over naira scarcity will ease off in the days to come.



Please enter your comment!
Please enter your name here
Captcha verification failed!
CAPTCHA user score failed. Please contact us!