The Presidential candidate of African Action Congress, Omoyele Sowore has said redesigning the naira would not reduce insecurity in the country. DAILY POST reports.Information Guide Nigeria
Sowore said kidnappers would start demanding ransom in foreign currencies with the new policy of the Central Bank of Nigeria, CBN.
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Speaking with DAILY POST, the AAC presidential candidate also described the redesigning of the naira note as a senseless policy.
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Asked if the policy would reduce kidnapping and insecurity generally, Sowore said: “Of course no, kidnappers would merely switch to demanding foreign currency as most of the high profile ones already do now.
“It is a senseless policy. The CBN Governor had no business redesigning the naira, he owes Nigerians a resignation from office.”
While some Nigerians have been calling for the removal of the inscription, others want it to remain in the redesigned naira notes.
Commenting on the issue, Sowore said: “It doesn’t matter to me what’s inscribed on the naira as long as it is strong in terms of purchasing power.JAMB Result
“If you like inscribe Swahili on it or Japanese, these are mundane issues.”
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