Ojikutu lauds Buhari for naira redesigning   

A former deputy governor of Lagos State, Alhaja Sinatu Ojikutu, has lauded President Muhammadu Buhari for approving the redesigning of naira notes.

Ojikutu in a statement issued by her media office in Lagos on Tuesday also commended the CBN Governor, Mr. Godwin Emefiele, for the initiative and the secrecy surrounding the decision to release the new currency.

According to her, this will frustrate the antics of those who have stashed naira notes but claimed that the notes were burnt by fire or swallowed by snake.

She urged that the process should be strictly monitored to avoid insider abuse that could sabotage the laudable exercise to strengthen the naira.

It will be recalled that the new naira notes redesigning has elicited reactions across the country.

While some economists applaud the move as a step in the right direction, some have queried the rationale behind it that it’s the least of Nigeria’s economic woes.