Nigerians React to Naira Redesign

“Your thoughts on the redesigned 1000, 500, and 200 naira notes? To me, I feel it wasn’t “redesigned” it was colour changed if it’s true …”

“If there’s any monetary policy that the naira needed, it’ll be to revalue it and not to redesign it.”

“Is this redesign or just a waste of time? We might as well just dip the old notes in dye and hang them to dry. These ones will still not have the value of the old 10, 20 and 50 naira notes they mimic.  Is this a yay or  a nay for you?” Another netizen Jerry Simon wrote, “Green, red and blue …. easy for coded description. Nothing much changed joor. For me, it is the intent behind the redesign.”

Balarabe Abubakar Hussaini said, “Well, it’s a welcome development, and kudos to the C.B.N. However, this can not be tagged as “redesign currency” preferably as “renovated currency” because all the design features in the old currency are present in the so-called new currency except the colour shade that was changed.”

@Oil_Shaeik tweeted: “Nobody can tell me that the new Naira redesign was not intended at forcing people to deposit their monies into the banking system. It worked.”

@DelawGrafix tweeted: “Instead of the full colour design they only remove magenta from 1000 and leave black, yellow and cyan. Then 500 they remove black and leave little magenta, yellow and cyan. 200 has just magenta all through. They didn’t redesign any currency here oo kai Naija my country.”

“If it’s Naira colour, the CBN should have just engage Snapchat.”

@EssienTruth tweeted: “What’s this? Is this the redesign? Making it look blurry and archaic? Of course, it’s suicidal to expect anything good or exceptional about this government.”

@drpenking tweeted: “These people just dipped the old Naira notes inside Hypo bleach 3 times, made some incantations and poured libation, then called it new Naira notes. God will judge Emefiele.”

“If the only change is a colour change, doesn’t that mean that someone who already knows how to forge the old notes just has to learn to add colour?”

You might also like:

• KPMG Nigeria Opens Applications for 2025 Graduate Trainee Program
• How to Secure Credit from the Nigerian Consumer Credit Corporation
• How To Fund Your Creative Project with Kickstarter
• Top 10 Investment Options for Nigerian Entrepreneurs

nnaemeka-emmanuel

Nnaemeka is an academic scholar with a degree in History and International Studies from the University of Nigeria, Nsukka. He is also a creative writer, content creator, storyteller, and social analyst.

Comments (2)