Home Business & Economy Naira Redesign: RCCG G.O Laments Naira Depreciation, Blast FG Over Redesign

Naira Redesign: RCCG G.O Laments Naira Depreciation, Blast FG Over Redesign

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Naira Redesign: RCCG G.O Laments Naira Depreciation, Blast FG Over Redesign

The General Overseer of the Redeemed Christian Church Of God (RCCG), Pastor Enoch Adeboye, has fired a direct shot at the Buhari government over its decision to redesign the naira.

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Adeboye in his sermon at the church’s November Holy Ghost Service with the theme, ‘Let It Rain’ on Friday night lamented the diminishing purchasing powers of the naira.

He wondered why the FG was planning to redesign the naira when people are hungry and looking for money.

He said, “Do you know what is going on in our country? It doesn’t make sense anymore. Our Naira now, it is not even worth the paper it is printed on.

“And while people are hungry, trying to find enough money to buy bread to eat, our bosses are thinking of making the Naira more beautiful.”

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The Central Bank Of Nigeria late October announced plans to redesign the N200, N500, and N1,000 banknotes.

The apex bank stated that the new notes will come into circulation on December 15, 2022, while existing Naira notes will remain legal tender until January 2023.

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