{"id":82472,"date":"2023-02-13T08:41:11","date_gmt":"2023-02-13T07:41:11","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/naira-redesign-cbn-policy-disastrous-catholic-bishops-to-buhari-govt"},"modified":"2023-02-13T10:05:03","modified_gmt":"2023-02-13T09:05:03","slug":"naira-redesign-cbn-policy-disastrous-catholic-bishops-to-buhari-govt","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-redesign-cbn-policy-disastrous-catholic-bishops-to-buhari-govt","title":{"rendered":"Naira redesign: CBN policy disastrous \u2013 Catholic Bishops to Buhari govt"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>Most Rev. Lucius Ugorji, President Catholic Bishops Conference of Nigeria (CBCN), on Sunday, urged the Federal Government to review the new cash policy to ease the hardships it has caused Nigerians.<\/p>\n

Ugorji made the appeal at the opening of the 2023 First Plenary of CBCN held at the Catholic Secretariat in Abuja.<\/p>\n

The meeting has the theme: \u2018Citizens\u2019 participation in good governance in Nigeria\u2019.<\/p>\n

While expressing sadness over the situation, Ugorji said that the policy had resulted in a serious cash crunch, anger and frustration among Nigerians.<\/p>\n

\u201cOur collapsing national economy worsens the ugly situation. While the value of the Naira continues to decline, the cost of basic commodities, including food items, continues to soar, with serious effects on the lives and livelihoods of our people. The disastrous implementation of the Central Bank of Nigeria\u2019s (CBN) cash swap policy, which resulted in a cash crunch, has added to the ordeal, anger, and frustration of the masses,\u201d he said.<\/p>\n

The CBCN president advised politicians to stop engaging in mudslinging, acrimony, arson, buying and selling of votes, threats, intimidation and violence ahead of the general elections.<\/p>\n

Ugorji said instead of dissipating energy on negativity, those aspiring for political offices should concentrate on marketing their manifestoes.<\/p>\n

He also advised the Independent National Electoral Commission (INEC) and security agencies to live above board and ensure that the election process is beyond reproach.<\/p>\n

\u201cThe elections, if well conducted, can be a turning point in our political and economic history.<\/p>\n

\u201dWe, therefore, urge all to play their roles maturely and creditably during the period of the general elections,\u201d he added.<\/p>\n

He said that political contests should never be perceived as a \u201cdo or die\u201d affair.<\/p>\n

\u201cAny candidate who is prepared to shed blood or to spend huge sums of money to buy votes or to compromise INEC shows that he or she is seeking political office for pure self-aggrandizement,\u201d he warned.<\/p>\n

He reminded the faithful of their civic and moral responsibility of voting during elections.<\/p>\n

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

Africa-Press – Nigeria. Most Rev. Lucius Ugorji, President Catholic Bishops Conference of Nigeria (CBCN), on Sunday, urged the Federal Government to review the new cash policy to ease the hardships it has caused Nigerians. Ugorji made the appeal at the opening of the 2023 First Plenary of CBCN held at the Catholic Secretariat in Abuja. […]<\/p>\n","protected":false},"author":84,"featured_media":82471,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[1570,2140,97,503,9018,254],"class_list":["post-82472","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-buhari","tag-cbn","tag-naira-redesign","tag-nigeria"],"yoast_head":"\nNaira redesign: CBN policy disastrous \u2013 Catholic Bishops to Buhari govt - Nigeria<\/title>\n<meta name=\"description\" content=\"Most Rev. 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