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Stats: 3,330,536 members, 8,445,936 topics. Date: Wednesday, 15 July 2026 at 06:54 PM

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WolfPat's Posts

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PoliticsRe: Let’s Use Old, New Notes For 6 Months — Reps by WolfPat: 2:51pm On Jan 27, 2023
Bebigiby:
In my opinion this CBN naira redesign was unnecessary and has no benefit to the economy. By the amount spent (embezzled) in redesigning the naira is exposed, it may be child's play when compared to the recent Accountant General (AGF) scandal!
Very true. I read this article that really analyzed the policy, and it gave it a score of 60%, and that was if they implemented it well. Looking at the way things are that 60% is now unachievable.

Let me post the article here sef:

https://redeagleng.com/economy/naira-redesign-policy/
PoliticsRe: Let’s Use Old, New Notes For 6 Months — Reps by WolfPat: 2:39pm On Jan 27, 2023
This is wild. Don't they know that doing this would just double the money supply. Wasn't reducing the money supply one of the aims of this policy in the first place??

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