The Federal Government has expressed worry in light of the current hardship being experienced by citizens due to the redesign of the new naira note, but it characterises the suffering as necessary for Nigeria’s economy.
President Muhammadu Buhari is not happy with the situation, according to Minister of Finance, Budget, and National Planning Zainab Ahmed, who made this claim on Thursday during the weekly ministerial briefing at the State House in Abuja. However, she also compared it to a wound that needs to be dressed.
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She claims that the harsh realities people are experiencing as a result of the exchange are just transitory and a little price to pay for the growth of the country’s economy.
The finance minister said that there have been benefits to the policy, which are obvious in the enormous mop-up of idle cash, and that she is equally certain that the new policy is necessary and opportune to combat corruption.
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