uniquetechng:
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 ?

You mean the same policy that tainted Mudi's solid legacy as PM?

The same policy that almost crumbled their economy?

After the elections perhaps

uniquetechng:
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 ?

How did corrupt politicians collude with corrupt bank officials to sabotage the process? Do you have any evidence?

You said India "successfully swapped out their old notes to new notes". Pls what is the meaning of "swap"?

Brendaniel:
Then the purpose has been defeated...

Which purpose sir, people are denying access to their money, businesses are closing down as a result of this stupid policy and you said the purpose has been defeated, what purpose will make people suffer for their hard-earned money

Governors are looking for safe landing

Hopium:


You mean the same policy that tainted Mudi's solid legacy as PM?

Modi's popularity was affected because of the sufferings and pains just as Nigerians are having it, but before the end of his tenure the people started enjoying the benefits of the policies especially the reduction in corruption and black money that's why he was 100% re-elected into office in 2019 .
Guess you were not aware of that ?

This is what commonsense is supposed to dictate but.....

That will e after election ooooo. For now,na new naira we know

Brendaniel:
Then the purpose has been defeated...

Cbn lacks the capacity to meet up with the time set simple.

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.

Ehhhen.. We agree with you El-Rufai but that would be after the elections right? This man thinks everybody is stupid. Did you see there recent rally? No money to buy crowd o.. Tinub say no low-key rally but you rent big size venue ??

Vote buying governors.

VawulenceProMax:
Never . The Tinubu can never win. Even if them use MY UGLY OLD HAG WHÓRE mama do sacrifice, Tinubu WILL STILL win

OF COURSE

lexy2014:


How did corrupt politicians collude with corrupt bank officials to sabotage the process? Do you have any evidence?

You said India "successfully swapped out their old notes to new notes". Pls what is the meaning of "swap"?

ICPC made some arrests especially in Sterling banks, El-Rufai openly said a governor already gotten N500m value of the new notes and the rest of the politicians already have enough of the new notes, so how were they able to get that much of the new notes if bankers weren't co-operating with policians ?

And why asking about "swapping" ? If an elementary school student can tell that the exercise of returning old notes to get new notes is called swapping.

Ttalk:
That's the only option for now

...yes that is the solution to this problems and they should give more time like one year for this policy to work very well with nigerians

El Rufai and Tinubu that made the new Naira notes a point of campaign, will change their words now

ITbomb:
Sorry to say this, but I think you were not born when we were taught history.

Naira redesign has been happening like more than 4 times since the introduction of Naira. In recent times, Obasanjo did it and even introduced higher denominations , Jonathan did it also.
All previous swaps took less than 3 months and was barely noticed.

It is not rocket science that should take 3 years.

Problem here is that the timing was wrong, it has always been a big risk to make a major policy decision in a political year because saboteurs will attempt to useless it

If this redesign was done in June, within a month, all notes would have been in circulation without any upheaval

You guys sha. You will just open mouth and spew trash thinking you are smart.

When we swapped our currency the previous times you said, was there a cashless policy to be enforced?

In the bigger picture, the current policy isn't about redesign or swap. It's a all about the cashless policy. Our deficient banking and comms infrastructure is why it will that that long (3 years min). No where on can anyone reap where you didn't sow. There's so much to be done to improve our banking network. What about cyber security? Go and verify - our banking infrastructure gets penetrated during more than 90% of attacks. What about orientation?

You dey cap. We haven't gone full swing at cashless, our banking network has started collapsing. You're capping.

Ibkinter:

"knowledge of education" you sound even less educated, enlightened, exposed and rational to me. knowledge of education, oboy.

Knowledge is a form of education
Putting it in that statement makes him look less educated and knowledgeable

Yes that is the solution to the problem and extend the new naira notes policy for at 8 months

Coolsperm:
So what happened to the huge money Tinubu stole Tru bullion van during last election

This place is for adults

uniquetechng:
Modi's popularity was affected because of the sufferings and pains just as Nigerians are having it, but before the end of his tenure the people started enjoying the benefits of the policies especially the reduction in corruption and black money that's why he was 100% re-elected into office in 2019 .
Guess you were not aware of that ?

Of course I'm aware; which is why is said his legacy was tainted.

India got lucky. That's just it.

Nations now use them as understudy of how not do cashless policies.

Nigeria economy is nowhere as strong as India's. We can't survive what India survived by a whisker. The problem with people like you who always want to sound knowledgeable is that you don't consider the peculiarity of your environment before suggesting solutions and comparison. Apart from our fragile economy, we also have election/political component. Emefiele wants to set Nigeria on fire and folks like you're cheering him on.

Economic hardship and frustration triggered with fuel, power, and cash scarcity plus election postponement... tell me how this country will survive.

olaniyilukman:
Which purpose sir, people are denying access to their money, businesses are closing down as a result of this stupid policy and you said the purpose has been defeated, what purpose will make people suffer for their hard-earned money

The purpose of changing the old notes to new ones
Do you read to understand or to disagree?

uniquetechng:
ICPC made some arrests especially in Sterling banks, El-Rufai openly said a governor already gotten N500m value of the new notes and the rest of the politicians already have enough of the new notes, so how were they able to get that much of the new notes if bankers weren't co-operating with policians ?

And why asking about "swapping" ? If an elementary school student can tell that the exercise of returning old notes to get new notes is called swapping.

Did icpc accuse the people it arrested of colluding with corrupt politicians to sabotage the process?

From what you have said, do you have any evidence to support your claims that "corrupt politicians collude with corrupt bank officials to sabotage the process"?

Lovely. You tried. If swapping is "the exercise of returning old notes to get new notes" and you say India was successful at it, where did you witness any firm of swapping so far under Emefiele swapping exercise?

Ok but that will be after electionOk but that will be after election...

EnterpriseMan:


Everything you said made 0 sense. If you have no clue why the New notes were created, then simply research that first before providing a solution to nothing. Who is Omiefele btw? A yoruba rapper?

What's your own suggestion, let's here it?

The suppose clue is nothing more than to curb corrupt politician, and judging by the ongoing event, it's working 100%.

And yes he is ogunefiele, the far cousin of Ogunfe.

Brendaniel:
Then the purpose has been defeated...

What is the purpose again? You guys are easily deceived and misled. How would you be making life difficult for people through bad policy implementation with fuel and Naira scarcity and still expect them to come out enmass to participate in elections?
I laugh when Buhari and Emefiele said that they are punishing politicians. This policy can only be counter productive, people are not happy, they're hungry and you want them to queue for voting on election days!

Inhuman69:


The purpose of changing the old notes to new ones
Do you read to understand or to disagree?

If that is the purpose, has the purpose been achieved?

Assassink:
Why are you guys afraid of buhari?Emiefele can't implement this policy without buhari backup.I hate cowards with passion

When Buhari sacrifice the ogunfiele - the far cousin of ogunfe - on the altar of face-saving, una eyes go clear.

Carmal90:

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

Then Emefiele needs to manage the situation better by either distributing adequate volume of new notes or sanction commercial banks that are hoarding the notes if indeed sufficient volumes have been distributed. The point be say people dey suffer

victorVIC1:


Then Emefiele needs to manage the situation better by distributing adequate volume of new notes or sanction commercial banks that are hoarding the notes. The point be say people dey suffer

Yes, we are suffering.
I can't tell you what I have gone through to get cash.
But, I support this move by emefiele, come to think of this, why are they complaining about cash alone when we have a lingering fuel crisis as well?
I would only suggest he extends the deadline again..

lexy2014:


Did icpc accuse the people it arrested of colluding with corrupt politicians to sabotage the process?

From what you have said, do you have any evidence to support your claims that "corrupt politicians collude with corrupt bank officials to sabotage the process"?

Lovely. You tried. If swapping is "the exercise of returning old notes to get new notes" and you say India was successful at it, where did you witness any firm of swapping so far under Emefiele swapping exercise?

How come Sterling bank said they don't have the new notes yet N285m value of new notes was discovered in their vaults ?

I asked you a simple question, the governor El-Rufai confirmed on Channels TV to have gotten N500m of the new notes, how was he able to get them ?


I have people in the banking sectors, and my close pal is a branch manager at one of the branches of Fidelity Bank, not everything one will say online .

Anyone with a working brain knows that Banks and politicians are the problem.

yarimo:
IPOB are well known criminal, from peaceful protest IPOB Will hijacked it . and steal people's property. Very unfortunate human beings

You are a big fool(no apologies for my words). When did IPOB hijack any peaceful protest? You guys just come online and be spreading lies and hatred. Walahi the curse that will follow you and your unborn generations because of the lies you tell is just loading.

lexy2014:


If that is the purpose, has the purpose been achieved?

You just answered my question
You don’t read to understand but to argue senselessly
“ defeated “ meaning the purpose wasn’t or going to be archived na 🤦🏾‍♂️