Wednesday, December 7, 2022

Adeboye knocks FG over naira redesign, decries deprecation

Pastor Enoch Adeboye, the General Overseer of the Redeemed Christian Church Of God, has knocked the Federal Government over its decision to redesign the naira.

Adeboye said this during the church’s November Holy Ghost Service with the theme, ‘Let It Rain’ on Friday night.

In his sermon, the octogenarian decried the diminishing purchasing powers of the naira.

He wondered that 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.”

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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