{"id":81168,"date":"2023-01-28T16:07:16","date_gmt":"2023-01-28T15:07:16","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/naira-redesign-strangulating-nigerians-northern-elders-warn-cbn"},"modified":"2023-01-28T17:26:46","modified_gmt":"2023-01-28T16:26:46","slug":"naira-redesign-strangulating-nigerians-northern-elders-warn-cbn","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-redesign-strangulating-nigerians-northern-elders-warn-cbn","title":{"rendered":"Naira redesign strangulating Nigerians \u2013 Northern elders warn CBN"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>The Northern Elders Forum, NEF, has said the naira redesign by the Central Bank of Nigeria, CBN, is strangulating Nigeria\u2019s economy.<\/p>\n

NEF urged the CBN to revisit and postpone the deadline for the swap of the redesigned naira dominations.<\/p>\n

A statement by the forum\u2019s Director of Publicity and Advocacy, Hakeem Baba-Ahmed said the currency swap has not worked as planned.<\/p>\n

\u201cThe currency swap programme has not worked as planned, and it is strangulating economies, communities and the patience of the citizens.<\/p>\n

\u201cIt should be revisited, particularly around its timelines and operations of the CBN and banks. Whatever its benefits, it cannot be of value if it destroys many aspects of the economy, or alienates already hard-pressed citizens further.<\/p>\n

\u201cThe Forum advises a postponement of its deadlines and a major review of the utility of the continued stay of the leadership of the CBN in place.<\/p>\n

\u201cThe Forum warns that Nigerians will not accept to live under any arrangement that offends the constitution of the Federal Republic of Nigeria,\u201d he said.<\/p>\n

The CBN had announced January 31 as the deadline to phase out the old denominations of N200, N500, and N1000 notes.<\/p>\n

Despite agitations and anger from Nigerians, CBN Governor, Godwin Emefiele had insisted that the deadline was sacrosanct.<\/p>\n

For More News And Analysis About Nigeria<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Nigeria. The Northern Elders Forum, NEF, has said the naira redesign by the Central Bank of Nigeria, CBN, is strangulating Nigeria\u2019s economy. NEF urged the CBN to revisit and postpone the deadline for the swap of the redesigned naira dominations. A statement by the forum\u2019s Director of Publicity and Advocacy, Hakeem Baba-Ahmed said […]<\/p>\n","protected":false},"author":84,"featured_media":81167,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[1570,2140,503,254,1587],"class_list":["post-81168","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-nigeria-2","tag-cbn","tag-nigeria","tag-northern-elders"],"yoast_head":"\nNaira redesign strangulating Nigerians \u2013 Northern elders warn CBN - Nigeria<\/title>\n<meta name=\"description\" content=\"The Northern Elders Forum, NEF, has said the naira redesign by the Central Bank of Nigeria, CBN, is strangulating Nigeri ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-redesign-strangulating-nigerians-northern-elders-warn-cbn\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Naira redesign strangulating Nigerians \u2013 Northern elders warn CBN\" \/>\n<meta property=\"og:description\" content=\"The Northern Elders Forum, NEF, has said the naira redesign by the Central Bank of Nigeria, CBN, is strangulating Nigeri ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-redesign-strangulating-nigerians-northern-elders-warn-cbn\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-28T15:07:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-01-28T16:26:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/01\/postQueueImg_1674909443.59.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-redesign-strangulating-nigerians-northern-elders-warn-cbn#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-redesign-strangulating-nigerians-northern-elders-warn-cbn\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Naira redesign strangulating Nigerians \u2013 Northern elders warn CBN\",\"datePublished\":\"2023-01-28T15:07:16+00:00\",\"dateModified\":\"2023-01-28T16:26:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-redesign-strangulating-nigerians-northern-elders-warn-cbn\"},\"wordCount\":229,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-redesign-strangulating-nigerians-northern-elders-warn-cbn#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/01\/postQueueImg_1674909443.59.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Nigeria\",\"CBN\",\"Nigeria\",\"Northern elders\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-redesign-strangulating-nigerians-northern-elders-warn-cbn#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-redesign-strangulating-nigerians-northern-elders-warn-cbn\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-redesign-strangulating-nigerians-northern-elders-warn-cbn\",\"name\":\"Naira redesign strangulating Nigerians \u2013 Northern elders warn CBN - 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