By Robert Obioha
The plan to redesign the naira by the Central Bank of Nigeria (CBN) has, like any other issue in Nigeria, been riddled with controversy and even politics. Ordinarily, the redesign of the naira for the envisaged benefits, which many Nigerians are interrogating, would not have generated the needless acrimony if adequate consultations were made and major stakeholders carried along.
The differing opinions on the issue from those serving in this government is unnecessary. It is an avoidable distraction. It also shows the level of incoherence among ministers and officials of President Muhammadu Buhari’s administration. It is unthinkable that such a change in redesign of the naira is being contemplated without the knowledge of the minister of finance even if the law establishing the CBN did not expressly stipulate so.
