Naira Swap: CBN Enlists Traditional Rulers In Advocacy Programme

The Ogun State team of the Central Bank of Nigeria (CBN) on Thursday said it has enlisted traditional rulers in Ogun in its advocacy, towards ensuring inclusion of the grass root people in the ongoing nationwide sensitization programme on the newly redesigned Naira notes.

The CBN branch controller for Abeokuta, Alhaji Wahab Olanrewaju Oseni stated this when he led the monitoring team on a courtesy visit to the palace of Alake and paramount ruler of Egbaland, Oba Adedotun Aremu Gbadebo and the Awujale and paramount ruler of Ijebuland, Oba Sikiru Kayode Adetona towards ensuring success for the programme.

Speaking at the Alake’s palace, Oseni said the CBN higher authority, which commissioned his team for the task was of the strong conviction that it would not be complete without carrying along, the traditional institution because of their closeness to the people at the grassroot.

“The traditional institution will always help us because you at the grassroots can help us talk to our people generally and that’s why the exercise can never be complete without visiting the palaces”.

But reacting to Oseni’s address, Alake and paramount ruler of Egbaland, Oba Gbadebo disclosed that the traditional rulers in Ogun were initially not satisfied with the CBN’s initial stance on the old Naira notes swapping.

The Egba’s most revered royal father disclosed that the traditional rulers in the state including himself had concluded that such CBN’s economic policy that was lacking human face would not succeed, not until the CBN’s team’s explanations and sensitization followed.’’