Posted by Shehu Sani, a former politician in Nigeria, claims that the Central Bank of Nigeria, CBN, has run out of ideas.
The redesign of the naira and the ban on cash withdrawals, according to Senator Sani, were ineffective in achieving their goals.
On Wednesday, he posted the declaration using his verified Twitter account.
According to the former congressman, the CBN’s decision to stop accepting international credit card payments in naira has not considerably increased the value of our native currency.
“Cash withdrawal limitations, the redesign of the naira, raids on bureau de change locations, the China currency swap, and the prohibition of international card transactions on the Naira have all FAILED to appreciably boost the value of our native currency,” he said. The CBN lacks any original thought.