Naira Redesign: CPPE says 10-day extension inadequate

The Chief Executive Officer of the Centre for the Promotion of Private Enterprise (CPPE), Muda Yusuf, on Sunday said the 10-day extension given by the Central Bank of Nigeria (CBN) for the phasing out of old naira notes isn’t ‘adequate’.

In a statement on Sunday, Mr Yusuf criticised the CBN over the numerous gaps identified in the implementation of its naira redesign policy.

“The CPPE believes that 10 days is grossly inadequate to make up for the glaring shortcomings of the apex bank in this process,” the statement said.