Salvage Nigeria’s Naira

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I want to plead with the governor of the Central Bank of Nigeria not to chase shadows or be too engrossed in politics but should rather, withdraw the existing dirty, torn, taped and stinking naira notes from circulation.

I know you must have travelled to the USA, UK and other developed countries and you would have noticed how neat and clean their currencies were and still are.

In Nigeria, however, we fight and abuse one another and are even stranded at times because taxi drivers, market women, petrol attendants, ‘okada’ (motorcycle) riders refuse to accept the tattered and torn notes. Meanwhile, it seems N50 and N100 notes, especially the latter, are running out of circulation.

Even banks reject the torn notes at times. Where do we turn to? To whom do we relate our plight? The common man does not have much money and the little that he collects from your banks, all over are…



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