On Friday, Pastor Enoch Adeboye, the General Overseer of the Redeemed Christian Church of God (RCCG), lamented the Naira’s depreciation and the move to redesign it.
Last month, Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), announced that the apex bank will issue redesigned N200, N500, and N1,000 notes effective December 15, 2022.
According to Emefiele, the new and existing currencies will remain legal tender and circulate together until January 31, 2023.
Reacting to this during the church’s November Holy Ghost Service, themed, ‘Let It Rain’, Adeboye lamented that Nigeria’s situation had deteriorated to the point where the country’s currency was no longer worth the paper on which it was printed.
He said, “You know what’s going on in our country. It doesn’t even make sense anymore. Our naira now is not even worth the paper it is printed on.
“And while people are hungry, trying to find enough money to buy bread to eat, our bosses are thinking of making the naira more beautiful, even if it can’t buy bread, at least, it will look beautiful. Oh Lord, have mercy!
“We have problems in the land now. Things seem to be getting funnier and funnier. If you don’t learn to laugh in Nigeria now, you will develop hypertension.”
REPORTERS AT LARGE earlier reported that days after the Central Bank of Nigeria announced the redesign of the N1,000, N500 and N200 notes, with a directive that the current notes be remitted to the commercial banks, wealthy individuals and organisations with huge cash stashed away have begun depositing them.
