Let me also make it abundantly clear that my party and I are not against the Naira redesign policy. However, as all policies do, particularly when not thought through, they tend to become victims of their unintended consequences. The question must, therefore, be what could go wrong if we, that is the Central Bank, did this or that. Perhaps, what it is, is that the Central Bank sought glory but brought gory tales. The Nigerian banking system has remained largelyu rban-biased and has evolved very little to serve infrastructures in rural areas.

Source: Nigerian Tribune February 10, 2023 16:36 UTC