Nigeria has lost N20 trillion to the naira redesign policy of the Central Bank of Nigeria (CBN) since it started in January 2023.
This is according to a report by the Centre for the Promotion of Private Enterprise (CPPE).
According to the report signed by the CPPE’s Director-General, Dr Muda Yusuf, the losses emanated from the deceleration of economic activities, crippling of trading activities, stifling of the informal economy, contraction of the agricultural sector and the paralysis of rural economy.
