Naira redesign: Poor masses suffering, you’re destroying our eceonomy – Primate Ayodele blasts Emefiele

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The leader of INRI Evangelical Spiritual Church, Primate Elijah Ayodele, on Thursday, berated the Central Bank of Nigeria, CBN, Governor, Godwin Emefiele over the January 31 deadline for the old naira notes.

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Primate Ayodele said Emefiele’s policy would destroy Nigeria’s economy, adding that the poor masses are at the receiving end of the naira redesign and ensuing deadline.

In a statement by his media aide, Oluwatosin Osho, Ayodele said the hardship that would occasion by the naira redesign would continue in the next government because the destroyed economy will still be transferred to the next leadership.

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He said: “Emefiele has destroyed the economy of the country, and neither the poor nor rich will enjoy this government till it ends.

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“I said before that the naira redesign will not amount to anything tangible. The naira redesign policy is affecting the poor masses, they don’t know it yet, and it is the destroyed economy that will be transferred to the new government.

“Nigeria has just started suffering, this hardship will go a long way. The money will cause hardship because the masses will suffer more in this money change process.”

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He stressed that the naira redesign was the wrong advice at the wrong time because it would not address corruption, as politicians will always find their way.

In December 2022, Emefiele announced the redesigning of N200, N500, and N1000 denominations.

The CBN governor said the old naira notes would cease to be a legal tender in Nigeria from January 31st 2023.