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Nairaland Forum / Nairaland / General / Politics / CBN's "Naira Redesign" Policy Is A Charade. They Know It Won't Work (15420 Views)
Naira Crisis: Emefiele Discloses Why Currency Redesign Policy Is Failing / Tinubu Hails Nigerian Governors Over Supreme Court Ruling On CBN Naira Swap / APC Primaries In Enugu A Charade – Okechukwu, VON DG (2) (3) (4)
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Re: CBN's "Naira Redesign" Policy Is A Charade. They Know It Won't Work by Indispensable85(m): 9:45am On Jan 26, 2023 |
The problem is that the new notes are not in circulation and people are refusing the old notes already for transactions. Emiefele should not strangle us biko. 2 Likes 1 Share |
Re: CBN's "Naira Redesign" Policy Is A Charade. They Know It Won't Work by shimolv: 9:46am On Jan 26, 2023 |
Re: CBN's "Naira Redesign" Policy Is A Charade. They Know It Won't Work by Workch: 9:46am On Jan 26, 2023 |
BubblingB:Yes, but it's valid to make the new naira notes circulate more and with time, everyone will get it. Stop waking and pay the price for a credible election Hope you get it. There's nothing wrong is stifling thing now so this election can be credible |
Re: CBN's "Naira Redesign" Policy Is A Charade. They Know It Won't Work by buhariguy(m): 9:51am On Jan 26, 2023 |
SmartPolician:why not do it when he lost apc primary since June. Emefiele is an idiotic pig |
Re: CBN's "Naira Redesign" Policy Is A Charade. They Know It Won't Work by benqo01(m): 9:51am On Jan 26, 2023 |
THE LEVEL OF CORRUPTION IN THE CBN CANT BE PHANTOM D NAIRA DESIGN WAS A TOTAL DISTRACTION TO NIGERIANS EMEFIELE IS THE MOST CORRUPT CBN GOVERNOR I HAVE EVER SEEN HE NEEDS TO BE ARRESTED 1 Like |
Re: CBN's "Naira Redesign" Policy Is A Charade. They Know It Won't Work by Bishop1monte(m): 9:53am On Jan 26, 2023 |
Workch: Think of how your kids will buy stuffs in school when there’s no money in circulation |
Re: CBN's "Naira Redesign" Policy Is A Charade. They Know It Won't Work by Minjim: 9:54am On Jan 26, 2023 |
Workch: Does this particular CBN look determined ? |
Re: CBN's "Naira Redesign" Policy Is A Charade. They Know It Won't Work by Workch: 9:55am On Jan 26, 2023 |
Bishop1monte:am I going to be giving my kids 20k daily? Well, if that's the price I have to pay for 1month for my kids to get a better future, then it's worth it. This election must be credible. I will buy stuffs for them from the mall, put it in their bags for them when they are going to school 😂 But you see this policy, it must stand |
Re: CBN's "Naira Redesign" Policy Is A Charade. They Know It Won't Work by Workch: 9:56am On Jan 26, 2023 |
Minjim:Well, Buhari looks determined. That's the most important thing |
Re: CBN's "Naira Redesign" Policy Is A Charade. They Know It Won't Work by BubblingB(m): 9:57am On Jan 26, 2023 |
Parachoko: He understands now... that is to say, e don receive sense now |
Re: CBN's "Naira Redesign" Policy Is A Charade. They Know It Won't Work by seunjungle1(m): 9:57am On Jan 26, 2023 |
Who tell you that the policy will not affect even the least presidential candidate? Those you think it will affect mostly are already have their way out...the effect will be on we masses...it is already affecting my business and many businesses right now. If you are dealing with a business that has to do with buying and selling at high demand you will understand what am talking about SoftP: |
Re: CBN's "Naira Redesign" Policy Is A Charade. They Know It Won't Work by Babathanks(m): 9:58am On Jan 26, 2023 |
fiizznation:Don’t blame them, most of them are staying in the village and will come to nairaland and be saying trash, that’s why I prefer to support tinubu not because am a Yoruba but because there vision lack sight, all these politicians can get any amount they want from the bank, they know how to manoeuvres three way |
Re: CBN's "Naira Redesign" Policy Is A Charade. They Know It Won't Work by BreconHills(m): 9:58am On Jan 26, 2023 |
Workch: Oh for sure I will. But you do need to know that you should not believe everything you read. The idea that vote buying will be stopped by scarcity of new currency is simplistic. Most vote buying is done by cash transfer not in cash. Meanwhile the people that earn their money daily who might have voted their conscience will be the most vulnerable to political party offers. In my opinion this currency exercise has zilch effect on vote buying. What you will see is NEFT cash transfers that vest money after polling station results have been released. We saw this in Osun and Ekiti. If people do not defend their votes, their votes will not count. |
Re: CBN's "Naira Redesign" Policy Is A Charade. They Know It Won't Work by BubblingB(m): 9:59am On Jan 26, 2023 |
Workch: Correct, if traders will not upgrade and adapt then we use shopping malls. I just pity those in the rural areas. |
Re: CBN's "Naira Redesign" Policy Is A Charade. They Know It Won't Work by LordIsaac(m): 9:59am On Jan 26, 2023 |
wordbank:There is what we call "Political Economy" in Pol Science. The man in question is a Professor trained in the days of yore by competent hands. He has analysed the situation well. |
Re: CBN's "Naira Redesign" Policy Is A Charade. They Know It Won't Work by ogatboy(m): 10:00am On Jan 26, 2023 |
Tinubu people's news paper. Why is Tinubu in panic mode? He made Buhari president, now let him make himself president. The statement that he made Buhari president is the single reason he will loose the election. Fulani people are very vindictive |
Re: CBN's "Naira Redesign" Policy Is A Charade. They Know It Won't Work by BeardedmeatR(m): 10:01am On Jan 26, 2023 |
Bishop1monte:They don't need to open accounts. I will used my bank app and debit card to do it for them. Besides, there's going to be naira in circulation, but the new notes. |
Re: CBN's "Naira Redesign" Policy Is A Charade. They Know It Won't Work by MrUchenna1(m): 10:02am On Jan 26, 2023 |
cashless economy is a goal......no going back! |
Re: CBN's "Naira Redesign" Policy Is A Charade. They Know It Won't Work by Gr8amechi: 10:03am On Jan 26, 2023 |
Workch:Let's take APC as a case study, Shettima was the head of Zenith bank in the whole North East before he joined politics, so you think he doesn't have core loyalist across the states that will bring new notes for him? Someone like Tinubu has over 1000 loyalist who are top share holders in banks and multinationals do you think these guys wouldn't have the new note? Do you really think if Atiku or okowa or Obi need the new notes they will go to ATM and queue?? Obi has a history with Fidelity bank do you think if Obi wants to change 100 million old notes that the CEO of fidelity Bank wouldn't bring it to his house?. Now that said, do you think those politicians who want to buy votes don't have access to dollars?? This country we just they play. My conclusion in these whole saga 1. APC through Buhari is either trying to make sure Tinubu wins but make it look like Buhari block every means, hence Tinubu won because he had more followers Or 2. Emefiele is just looking for ways for Nigerian to forget about his whole mismanagement of the CBN, he understands Nigerians usually have selective amnesia and also anyone who wins 2023 and attempts to remove him will be seen as he is being victimised. Or 3. Buhari and Emefiele are looking for ways to cover up all the cabal deals in CBN so the next government wouldn't be able to trace a number of their deals. In all these, Emefiele is not fighting for any masses, know this and know Peace, he is not fighting against any vote buying, know this and know peace. 12 Likes 2 Shares |
Re: CBN's "Naira Redesign" Policy Is A Charade. They Know It Won't Work by Minjim: 10:03am On Jan 26, 2023 |
Workch: It's too late to be determined now. |
Re: CBN's "Naira Redesign" Policy Is A Charade. They Know It Won't Work by SmartyPants(m): 10:04am On Jan 26, 2023 |
So far everyone complaining is a northerner. Everyoen claiming to have access to secret information is a northerner. From Zainab Ahmad to that house of reps guy to this one now. We are watching. 1 Like |
Re: CBN's "Naira Redesign" Policy Is A Charade. They Know It Won't Work by BeardedmeatR(m): 10:04am On Jan 26, 2023 |
fiizznation:There are also withdrawal limits. So it's not business as usual with vote buying politicians. Obidatti is not the cause of your misfortune. |
Re: CBN's "Naira Redesign" Policy Is A Charade. They Know It Won't Work by Workch: 10:07am On Jan 26, 2023 |
Minjim:Well, if he doesn't relax the restrictions, its sure not late. Tinubu will be affected |
Re: CBN's "Naira Redesign" Policy Is A Charade. They Know It Won't Work by Workch: 10:08am On Jan 26, 2023 |
Gr8amechi:The issues you raised do jot make sense if CBN, Buhari and Emefieli can eventually trace cash withdrawal, which obviously they can. |
Re: CBN's "Naira Redesign" Policy Is A Charade. They Know It Won't Work by Workch: 10:09am On Jan 26, 2023 |
BubblingB:do they have a choice? They have to else they will die of hunger. Stop acting like this Wil persist forever, it will all be gone after election slowly. Calm down |
Re: CBN's "Naira Redesign" Policy Is A Charade. They Know It Won't Work by Workch: 10:10am On Jan 26, 2023 |
BreconHills:This policy will go a long way to reduce vote buying, I need you to acknowledge that obvious fact. |
Re: CBN's "Naira Redesign" Policy Is A Charade. They Know It Won't Work by Babathanks(m): 10:11am On Jan 26, 2023 |
ogatboy:I stayed in the north, believe me there is a serious political war between Fulani and Hausas, Kanuris and hausa will prefer to go for tinubu than Atiku which is a Fulani man because all these bandits are fulanis 1 Like |
Re: CBN's "Naira Redesign" Policy Is A Charade. They Know It Won't Work by 43Ronin: 10:13am On Jan 26, 2023 |
Lukuluku69:They don't, but they are not as obnoxious and loud like their yoruba counterparts. Is like yoruba language is best heard with shouts, noise and exclamations |
Re: CBN's "Naira Redesign" Policy Is A Charade. They Know It Won't Work by zionstaar75: 10:15am On Jan 26, 2023 |
SoftP:so because of election our economy should crumble, go to the market and see the chaos,they're not collecting the old currency anymore. I was supporting the cbn till I started seeing the implications. Using 45days to change the currency of a big country like Nigeria is dumb.as for those who think it will affect the politicians keep dreaming. This guys have dollars stacked up in tens of millions. So far its not dollars being changed it doesn't affect them. Will lagos pay alpha beta with old currency next week for January work?we're all just allowing govt punish ordinary Nigerians by taking advantage of our silly sentiments honestly 1 Like |
Re: CBN's "Naira Redesign" Policy Is A Charade. They Know It Won't Work by Adiwana: 10:17am On Jan 26, 2023 |
fiizznation: Get money from which bank?? Banks don’t have the new notes and the ones that have it, got the money in very limited supply. Unless you’re going to tell me politicians are going to hoard trillions of naira and suddenly circulate it on election |
Re: CBN's "Naira Redesign" Policy Is A Charade. They Know It Won't Work by Themandator: 10:17am On Jan 26, 2023 |
Seun: Rubbish , go and deposit your old notes and do online transfers until the new is available or keep them collections |
Re: CBN's "Naira Redesign" Policy Is A Charade. They Know It Won't Work by Lukuluku69(m): 10:26am On Jan 26, 2023 |
43Ronin: LoL Yoruba language is not best heard with shouts and noise but we do a lot of exclamations! Lol I bet if we change the location, the same scenario will play out with the common folks. I worked as a Banker at Aba once (Three weeks) and spent well over 2 years in Kano and Kaduna, the issues you highlighted is the same all over. |
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