Banking Business Capital Market Featured Finance

Naira redesign: Reps panel wants intervention to cushion Nigerians’ hardship

Naira redesign: Reps panel wants intervention to cushion Nigerians’ hardship

 

The House of Representatives ad hoc committee on naira redesign has called for an intervention to mitigate the hardship being faced by Nigerians due to the policy.
Rep. Ado Doguwa, the Chairman of the committee said this in a statement in Abuja.
Doguwa acknowledged that President Buhari Buhari had good intentions in wanting to use the policy to tackle insecurity, reduce corruption and engender the global best practice in fiscal policy management.
He however, said, that Nigerians were being subjected to unwarranted and avoidable hardship due to wrong timing of the implementation coupled with the actions of suspected criminal elements in the banking system.
Doguwa sai that the ripple effects of the policy could jeopardise the 2023 general election.
“We also urge Nigerians to continue to be calm and pursue their lawful businesses within the ambit of the law.
“We will continue to explore available opportunity to make sure that government does only what is right and in the overall interest of our people,” he said.

Related posts

Nigeria records 3 new COVID-19 deaths, 477 new infections

Our Reporter

Exploring alternative energy sources crucial to Nigeria- Stakeholders 

Editor

Egbin Power commemorates Tree Planting Day to deepen environmental sustainability  

Editor

U.S stepping up election security ahead of 2020 race, government says

By Aliyu DANLADI

NCDMB partners Shell, Total to upgrade GTC PH to Centre of Excellence

Editor

Airtel to create more entrepreneurs in Nigeria — CEO

Editor