Naira Redesign: NYCN Urges More Proactive Measures To End Ordeal

National Youth Council of Nigeria (NYCN) has appealed to the Central Bank of Nigeria (CBN) to be more proactive in its policy implementation to ameliorate the suffering of Nigerians over the redesigned Naira.

The council said the country’s economy has been imbalanced due to the new currency which is yet to circulate.

At  a press conference held in Lagos, Amosu Tomi, Vice President of NYCthe N and other leaders of the council in South West, applauded CBN’s initiative on new currency but asked the apex bank to be diligent in the implementation, and learn from other countries that have tried the same policy and understudy those that failed and those that succeeded in cashless policy enforcement through currency redesign.

The youths’ organisation also expressed worry over spate of insecurity across the country, urging the federal government to rise up and address the issues by giving all the security agencies a matching order.

Tomi said the leadership of the NYCN South West find it imperative to raise the alarm over issues of insecurity, fuel scarcity, naira redesign, and other issues affecting the well-being of the country as they continue to linger.

He said the issue of insecurity, fuel scarcity, and naira redesign were all attempts to frustrate forthcoming general elections in which the government must put appropriate authorities on their toes in order to thwart the agenda of perpetrators who were bent on derailing Nigerian democracy.

“The insecurity still persists in some parts of the country which is worrisome as we count down to the February 25 and March 11, 2023, general elections. Our security apparatus should do more in assuring Nigerians that the election will be safe for all to participate.’’