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Naira design policy root of current naira scarcity, Cardoso admits

The Governor of Central Bank Mr. Yemi Cardoso has blamed the current scarcity of the naira to the badly implemented 2023 naira re- design policy undertaken by the bank.

He said though the policy had been repudiated by courts, the process he said had  created a lot apprehension with regards to its currency notes legality.

He stated this while speaking during a panel session at the presentation of the Nigeria Development Update, December 2023 edition titled, ‘Turning the Corner (from reforms and renewed hope, to results) on Wednesday in Abuja.

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