The recent change in the color of the Nigerian naira note has caused difficulties for many Nigerians, leading to a scarcity of cash and long lines at banks.
This has resulted in frustration and financial hardships for many individuals and businesses. However, who do we blame for this?
Bola Ahmed Tinubu
Some Nigerians have placed blame on Bola Ahmed Tinubu, a leading figure in the ruling party and presidential candidate in the upcoming election. They argue that Tinubu, as a prominent politician, should have advocated against the change in the naira note and taken measures to prevent the difficulties it has caused. However, the question remains: is Tinubu solely responsible for the present naira predicament?
President Buhari
Others argue that the responsibility lies with President Muhammadu Buhari, who approved the change in the naira note without proper planning or consideration for its potential negative effects on the public. Some criticize the president for not adequately preparing for the consequences of the change and for not taking swift action to address the issue once it became apparent.
Central Bank Governor Emefiele
Additionally, the role of the Governor of the Central Bank of Nigeria, Godwin Emefiele, has also come under scrutiny. Some argue that Emefiele should have anticipated the challenges that the change in the naira note would bring and taken steps to prevent them. Critics argue that the Central Bank has not done enough to address the present crisis and provide support to those affected by the change.
Nigerian Banks
Finally, some Nigerians have accused banks of exacerbating the situation by selling the new naira notes to the highest bidder and hoarding money instead of exchanging it for the old notes. This has led to even greater scarcity and longer lines, causing further frustration and financial hardships for those trying to access their own money.
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Who Do You Blame For The Present Naira Predicament?
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