ENUGU, Nigeria (VOICE OF NAIJA) – Chris Ngige, the Minister of Labour and Employment, says the naira redesign policy of the Central Bank of Nigeria (CBN) achieved some “sound benefits” in the country.
Ngige claimed that the naira redesign helped to curb insecurity and vote buying during the 2023 general elections.
The Minister, who spoke on Wednesday during Channels Television’s Politics Today, however admitted that the implementation of the policy was not smooth.
“The policy is not smooth in its implementation. I admitted that. But whether it is a good policy? Yes, it is a good policy.
“It wasn’t smooth; it came with some pain but overall, did we get some sound benefits from it? Yes, we did: people didn’t buy votes on the line (queue) during the elections.
“I used to go for elections and I know what I see. There was no cash exchange for votes. It wasn’t easy anymore. Kidnappers are on break, they are on strike so to say or recess. Bandits, they have also gone on holidays,” he said.