Brethren, ordinarily I wouldn’t have considered coming up with this
epistle until I realized that I would be speaking the mind of many if I do so
or that the piece would interest many concerned individuals. Suffice to say;
I’m not just commenting for myself, but on behalf of millions of souls out
there.
Of course, we are all aware that the statutory fundamental object of the Central Bank of Nigeria (CBN) remains to regulate the nation’s economy as well as print new naira notes when necessary. These among other functions, are peculiar to the Central Bank of any country in the world.
For quite some years now, it has been in the tradition of the CBN to introduce a new/different naira note whenever a new governor takes over the helm of affairs of the apex bank. Prof Charles Chukwuma Soludo came on board and introduced some of the naira notes we are using now, and even went ahead to change the pattern/design of some of the notes that were already in existence as well as reintroduced the existence of Coins.
Subsequently, Mallam Sanusi Lamido Sanusi, the current Emir of Kano,
took over the mantle of leadership of the said bank and thought it wise to
follow suit as regards introduction of different naira notes. And he succeeded
after all the reactions and counter-reactions from the public and analysts.
Let’s ride on!
It is longer news that a different one hundred naira (#100) note has
been introduced into the system by the present Governor of CBN, Mr Godwin
Emefiele. The naira note in question, which is tagged “Centinary #100”, has
been in circulation for quite a few weeks now upon the approval/endorsement of
the National Assembly.
I must tell you unequivocally
that I have been worried likewise other observant concerned citizens, since the
naira note was put into circulation. Compare to the previous one hundred naira
note, the recent one is nothing to write home about in regard to its graphics
design. If you take a close look at the note, you would notice that there’s a
“Colour riot” on it, which makes it seem dull or unattractive.
One fact we must acknowledge regarding graphics designing is that if the
colouring becomes too complex and pronounced, rather than making our work
appear very attractive as we anticipated, the reverse would definitely become
the case. There’s no two ways about it.
It is obvious that several
concerned and patriotic citizens are also disturbed by the aforementioned
anomaly. Of course, their worry is on the rampage, and it was one of the
reasons that prompted this critique. Something needs to be done urgently to restore
normalcy; else, the emotional condition of some persons like me might
deteriorate in no distant time.
Perhaps, at this point I expected the apex financial institution to
concentrate on the economic measure to be taken to ensure that the value of one
US dollar becomes less than one hundred and forty Naira (#140) as well as other
foreign currencies, rather than the ongoing ugly value of our beloved and
notable currency, Naira.
I wonder why the National Assembly as well as
Mr President endorsed such note in the name of “Centinary one hundred naira”.
Frankly, this is exactly where Emefiele got it wrong. Besides, what made the
introduction of the so-called centenary naira note seem so important to the
Nigerian economy amidst our present tremendous economic challenges that made
its proposed existence appear unavoidable?
Brethren, we must continue to
acknowledge the importance of ‘Scale of Preference’, after all the people in
question are partners in Economics as a discipline. Though the deed may have
been done, but there’s still need for us to make a redress for posterity sake. Think
about it!
(The Media Ambassador)
+2348028608056
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