By Abubakar Sadiq Dauda
I will start by saying, I expected President Muhammadu Buhari to allow law and order to prevail by obeying rule of law, in this case, a subsisting court order which says, old notes should continue to be accepted across the nation.
I truly support the currency redesign, and the policy which is against having excess cash in circulation even at the expense of many businesses that has been grounded, including my own business. I support the cause because i believe the policy will strenghten our economy and increase the value of naira.
Read Also: Only Old 200 Naira Remains Legal Tender Till April-Buhari
However, i expect the CBN to have made 200 naira, 100 naira, 50 naira denominations widely available by ensuring there is massive distributions to all bank branches nationwide. To my dismay, that has not been the case up till today.
The CBN governor has consistently failed by allowing the personal interest of himself and his godfathers to override the national interest. He is an expert in the finance and monetary industry and that is why he has been able to convince the President to adopt the policies he proposes.
In simple terms, he is a genius in the job assigned to him, but he has proven so many times that he lacks the sincerity of purpose which unfortunately the President has failed to see for years.
Sadiq writes from Kano, and can be reached via:
sadiqdauda55@gmail.com
