The Centre for the Promotion of Private Enterprise [CPPE] on Sunday called on President Muhammadu Buhari to immediately intervene to put an end to the hardship caused by the currency redesign policy of the Central Bank of Nigeria (CBN).
In a statement signed by Muda Yusuf, director of CPPE, the think tank said the cash scarcity has not only crippled economic activities in the country but has now become a major risk to the livelihoods of Nigerians.
He explained that millions of citizens have slipped into penury and destitution as a result of the disruptions caused by the currency redesign policy, especially the mopping up of over 70 per cent of cash in the economy.
