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NACCIMA Says Naira Redesign, will curb crime and is long overdue

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The Nigeria Association of Chambers of Commerce, Industry and Agriculture (NACCIMA) has said that the ongoing redesigning of Naira notes by the Central bank would curb crime thereby supporting the exercise.

NACCIMA President, Ide John Udeagbala disclosed this yesterday at an annual workshop/awards organized by the Commerce and Industry Correspondents Association of Nigeria (CICAN).

Recall that the Governor, of the Central Bank of Nigeria, Godwin Emefiele, recently announced that the bank would release re-designed naira notes by December 15, 2022.

In his remark, the NACCIMA boss said, “we are in support of redesigning of naira notes because it’s long overdue. This will help our economy and also reduce crime. Though the time is short, the security and the presidency know the reason”.

According to Udeagbala, The redesigning of the Naira notes would help the banks to retrieve about 2 trillion that is outside the banking system. Also, banks will be able to give loans to businesses.

Meanwhile, the NACCIMA boss also reacted on why semi-skilled labour can improve the Nigerian economy.

” We must go back to the drawing board and ensure our vocational schools work because it is important. Government must come up with a curriculum for vocational schools.

“Government is behaving as if Tertiary Education Trust Fund (TETFUND) universities alone. Part of this money should be used to establish training centers”, he said

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