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Let The New And Old Naira Notes Be In Use Side By Side - Governors To CBN - Politics (3) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Let The New And Old Naira Notes Be In Use Side By Side - Governors To CBN (22122 Views)

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Re: Let The New And Old Naira Notes Be In Use Side By Side - Governors To CBN by Odibembem: 10:11am On Feb 08, 2023
yarimo:
Labour party supporters are kids with poor knowledge of education

Honestly, they are so childish, they reason like infants
Re: Let The New And Old Naira Notes Be In Use Side By Side - Governors To CBN by TOPCRUISE(m): 10:11am On Feb 08, 2023
Like let's run a banana republic.
Re: Let The New And Old Naira Notes Be In Use Side By Side - Governors To CBN by teemy(m): 10:13am On Feb 08, 2023
lexy2014:


Which sabotage is preventing the distribution of new notes? How much new notes were printed?

On a sincere note, I won't claim to have a knowledge of what's being printed but I read the CBN was supplying new notes at 10% of old notes.

With the daily restriction to 20k for individuals, and every bank delivering what was in their vaults, that 10% should have been more than enough.
Re: Let The New And Old Naira Notes Be In Use Side By Side - Governors To CBN by depezee(m): 10:13am On Feb 08, 2023
post=120728725:
All of us at [/b] support this.

A better Nigeria all around is all we want at [b]


Shame to all enemies of Nigeria,
They only want to see the masses suffer.

Nigeria will overcome.

Shame on you and your paymasters.
You are the true enemy of Nigeria.
Nigeria will surely bounce back again and shame will be eternal dwelling place.
Re: Let The New And Old Naira Notes Be In Use Side By Side - Governors To CBN by IfnobeGod20: 10:14am On Feb 08, 2023
But why it is that it is only El-Rufai that is so pained about this policy? He even turned himself to Governors' spokesman while their leader Tambowal has not say anything.
This is the same man always abusing people that talk about the hardship in the land. He's now on top of his voice in issue that affect him directly but no one should talk on the one that affect them in the past.
Governors are the main problem of this nation, take it or leave it. The problem of the underdevelopment at the local government administration that was once vibrant and truly closer to the people were killed by the same governors and funny some of us still give support to what they are doing to us negatively.
Re: Let The New And Old Naira Notes Be In Use Side By Side - Governors To CBN by HardMirror(m): 10:14am On Feb 08, 2023
yarimo:
Labour party supporters are kids with poor knowledge of education
this is just the truth. I hate tinubu but when i see what obidients post online, i can attest that they are very stupid and irresponsible people. What el rufia is saying here is nothing but the truth. I dont even like anything apc but let us call a spade a spade. If tinubu says something right i will support him and if obi makes sense i will also applaud him. But to allow love or hate for a candidate determine how i think? Never!
I guess most of these obidients are senseless kids. I just dont know what to say about their case.

1 Like

Re: Let The New And Old Naira Notes Be In Use Side By Side - Governors To CBN by shimolv: 10:14am On Feb 08, 2023
Re: Let The New And Old Naira Notes Be In Use Side By Side - Governors To CBN by Ibkinter(m): 10:15am On Feb 08, 2023
yarimo:
Labour party supporters are kids with poor knowledge of education
"knowledge of education" you sound even less educated, enlightened, exposed and rational to me. knowledge of education, oboy.
Re: Let The New And Old Naira Notes Be In Use Side By Side - Governors To CBN by unclejb2(m): 10:15am On Feb 08, 2023
No... That's not going to happen. The old notes will cease to be legal tender from Friday next tomorrow.

We are willing to suffer for another 3 weeks, it would not kill us. After all Nigerians have been suffering since after the civil war and no politician cared.

No room for vote buying

2 Likes

Re: Let The New And Old Naira Notes Be In Use Side By Side - Governors To CBN by Pinkyposh(f): 10:15am On Feb 08, 2023
Never until after the election, despite the hardship, it's for our benefit, soon it will be over
Re: Let The New And Old Naira Notes Be In Use Side By Side - Governors To CBN by HardMirror(m): 10:15am On Feb 08, 2023
lexy2014:


Because they don't have new notes. Even the old notes are now scarce. I doubt if you will see any bank paying old notes
maybe this week, but as recent as last week they were.
Re: Let The New And Old Naira Notes Be In Use Side By Side - Governors To CBN by tunwumi: 10:15am On Feb 08, 2023
Oil dey you head bro. But when it comes to weaponising a good policy, common sense is thrown into dustbin.


Hopium:
A 15 year old can solve the present crisis.

1. Sack Omiefele

2. Extend the deadline until the end of 2023. Subject to further extension.

3. Let the new and old naira notes co-exist

4. The CBN gradually replace old notes with new notes

5. After stability of supply, gradually initiate and enforce cashless policy. This is when CBN should start paying attention to the banking infrastructure.

6. Once cashless policy starts getting a solid footing, start withdrawing new notes until the CBN's supply target is met.

These should take a minimum of 3 years
Re: Let The New And Old Naira Notes Be In Use Side By Side - Governors To CBN by Deefirm: 10:16am On Feb 08, 2023
Is El-Rufai now the CBN Governor? Mind you, it's only a proposal to the President, it is yet to be ratified or accepted by the President yet!


sunky97:

https://www.youtube.com/watch?v=m7ZtMMMoMiI

Governor El-Rufai in this video said all the 36 state governors has agreed and proposed the use of both old and new naira notes side by side to the president and hope this will be accepted as the pains citizens are going through right now is too much.
Re: Let The New And Old Naira Notes Be In Use Side By Side - Governors To CBN by uniquetechng: 10:16am On Feb 08, 2023
Hopium:
A 15 year old can solve the present crisis.

1. Sack Omiefele

2. Extend the deadline until the end of 2023. Subject to further extension.

3. Let the new and old naira notes co-exist

4. The CBN gradually replace old notes with new notes

5. After stability of supply, gradually initiate and enforce cashless policy. This is when CBN should start paying attention to the banking infrastructure.

6. Once cashless policy starts getting a solid footing, start withdrawing new notes until the CBN's supply target is met.

These should take a minimum of 3 years
India with over 3 billion people successfully swapped their old notes to new notes in just 3 months despite the sufferings and pains , why can't Nigeria with just 250 million people do the same ?

Why wait till end of 2023 ?
Re: Let The New And Old Naira Notes Be In Use Side By Side - Governors To CBN by Brendaniel: 10:16am On Feb 08, 2023
victorVIC1:


Poor planning led us to this point. Changing currency is a very sensitive project that should have been properly planned in advance and then implemented in phases. It's the common man that is suffering here. Our politicians are not the ones standing in queues for hours trying to get cash. They know how to beat the system.

For the fact that Nigerian politician are concerned then I am in support of it....

1 Like

Re: Let The New And Old Naira Notes Be In Use Side By Side - Governors To CBN by EMPEROROFDONBAS(m): 10:17am On Feb 08, 2023
yarimo:
Labour party supporters are kids with poor knowledge of education
shut up... answer him... if tosay na Obi wey bullock van enter I'm house, will you sound ds way?

1 Like

Re: Let The New And Old Naira Notes Be In Use Side By Side - Governors To CBN by Selepreye(f): 10:17am On Feb 08, 2023
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Re: Let The New And Old Naira Notes Be In Use Side By Side - Governors To CBN by President2001(m): 10:18am On Feb 08, 2023
So El-Rufai is now chairman Gf
Re: Let The New And Old Naira Notes Be In Use Side By Side - Governors To CBN by EMPEROROFDONBAS(m): 10:18am On Feb 08, 2023
HardMirror:
this is just the truth. I hate tinubu but when i see what obidients post online, i can attest that they are very stupid and irresponsible people. What el rufia is saying here is nothing but the truth. I dont even like anything apc but let us call a spade a spade. If tinubu says something right i will support him and if obi makes sense i will also applaud him. But to allow love or hate for a candidate determine how i think? Never!
I guess most of these obidients are senseless kids. I just dont know what to say about their case.
if you can boldly say, that obidients are senseless kids.. omo u don mad... APC supporters are bunch of f00ls
Re: Let The New And Old Naira Notes Be In Use Side By Side - Governors To CBN by HardMirror(m): 10:20am On Feb 08, 2023
EMPEROROFDONBAS:

if you can boldly say, that obidients are senseless kids.. omo u don mad... APC supporters are bunch of f00ls
i agree apc supporters are fools but obitients are stupid. Look at what you guys post online.
Re: Let The New And Old Naira Notes Be In Use Side By Side - Governors To CBN by ogatboy(m): 10:20am On Feb 08, 2023
You cannot have two legal tender in a country. It is already too late. Go and deposit your money in the bank before Friday. 2 days to go, there is time
Re: Let The New And Old Naira Notes Be In Use Side By Side - Governors To CBN by Carmal90(m): 10:20am On Feb 08, 2023
victorVIC1:


Poor planning led us to this point. Changing currency is a very sensitive project that should have been properly planned in advance and then implemented in phases. It's the common man that is suffering here. Our politicians are not the ones standing in queues for hours trying to get cash. They know how to beat the system.
Why are they crying then?
I believe emefiele has those politicians as target before announcing the policy.
I hope Buhari won't give in to pressure.
If they must accept this solution, I recommend this after election
Re: Let The New And Old Naira Notes Be In Use Side By Side - Governors To CBN by frugal(m): 10:21am On Feb 08, 2023
Defeats the purpose for changing it in the first place.
Re: Let The New And Old Naira Notes Be In Use Side By Side - Governors To CBN by Donedeal1(m): 10:22am On Feb 08, 2023
Some people don't even love themselves,
How can you be happy to loose your legal tenders earned with your sweat,just because you hate the incoming president so much?.
Re: Let The New And Old Naira Notes Be In Use Side By Side - Governors To CBN by uniquetechng: 10:24am On Feb 08, 2023
HardMirror:
this is just the truth. I hate tinubu but when i see what obidients post online, i can attest that they are very stupid and irresponsible people. What el rufia is saying here is nothing but the truth. I dont even like anything apc but let us call a spade a spade. If tinubu says something right i will support him and if obi makes sense i will also applaud him. But to allow love or hate for a candidate determine how i think? Never!
I guess most of these obidients are senseless kids. I just dont know what to say about their case.
You sound more like a kid than the obidients you're referring to, Tinubu only cares and the old notes stashed in his house.

Nigeria has been redesigning the naira in the past and there was never uproar, greedy and corrupt politicians has colluded with corrupt bank officials to sabotage the process.

India with over 3 billion people successfully swapped out their old notes to new notes in just three months, so why can't Nigeria with just over 250 million people do the same in 3 months ?
Re: Let The New And Old Naira Notes Be In Use Side By Side - Governors To CBN by peyemicoded: 10:24am On Feb 08, 2023
Coolsperm:
So what happened to the huge money Tinubu stole Tru bullion van during last election
ur papa lost money abi
Re: Let The New And Old Naira Notes Be In Use Side By Side - Governors To CBN by newnigerdelta00: 10:25am On Feb 08, 2023
PrinceOfLagos:
Ok but that will be after election





Shame on you
Re: Let The New And Old Naira Notes Be In Use Side By Side - Governors To CBN by Enddy50ty(m): 10:25am On Feb 08, 2023
lexy2014:


Do you have the new note to spend?

In surplus seff
Re: Let The New And Old Naira Notes Be In Use Side By Side - Governors To CBN by Uchesis: 10:25am On Feb 08, 2023
post=120728725:
All of us at [/b] support this.

A better Nigeria all around is all we want at [b]


Shame to all enemies of Nigeria,
They only want to see the masses suffer.

Nigeria will overcome.
Have you heard from Starboy today? grin
Re: Let The New And Old Naira Notes Be In Use Side By Side - Governors To CBN by Uchesis: 10:27am On Feb 08, 2023
Donedeal1:
Some people don't even love themselves,
How can you be happy to loose your legal tenders earned with your sweat,just because you hate the incoming president so much?.
Which incoming president?
There won't even be an election
Re: Let The New And Old Naira Notes Be In Use Side By Side - Governors To CBN by lexy2014: 10:28am On Feb 08, 2023
Enddy50ty:


In surplus seff

Where and when did you get it?
Re: Let The New And Old Naira Notes Be In Use Side By Side - Governors To CBN by kingsways: 10:28am On Feb 08, 2023
That will defeat the aim of the redesign

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