Adeboye Slam FG over Naira redesign Amidst Constant Depreciation

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Adeboye decries naira depreciation, knocks FG over redesign

Pastor , General Overseer of the Redeemed Christian Church of God, has criticised the Federal ’s choice to redesign the naira.

Adeboye made this statement on Friday night during the church’s November Holy Ghost Service, which had the theme “Let It Rain.”

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The General Overseer lamented the naira’s declining purchasing value in his sermon.

He questioned the FG’s decision to redesign the naira at a time when many people are in need of food and money.

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Do you realize what is going on in our country, he asked? It no longer makes sense.

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Even the paper it is printed on is not worth our current naira.

“And while people are starving and scrambling for cash to buy bread to eat, our bosses are considering beautifying the Naira,” the Redeem Pastor said.

The N200, N500, and N1,000 banknotes will be redesigned, the Central Bank of Nigeria said in late October.

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See Also: Insecurity: See How Adeboye Said it could be Resolved

The new notes will go into circulation on December 15, 2022, according to the apex bank, while the current Naira notes would continue to be valid until January 2023.

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