Abuja, 19 February, 2023 / 10:30 pm (ACI Africa).
The Federal government of Nigeria needs to “immediately” address the challenge the people of God are facing in the West African nation amid the ongoing process of redesigning the country’s currency, the Naira, by increasing the circulation of the new notes, Catholic Bishops have said.
In a Thursday, February 16 statement issued at the end of their first Plenary Assembly for 2023, members of the Catholic Bishops’ Conference of Nigeria (CBCN) say, “We urge Federal Government and its relevant agencies to immediately increase the circulation of new Naira notes and make and implement adequate monetary and other relevant policies that will reduce the suffering and hardship experienced by our people.”
In their message delivered at the Catholic Secretariat of Nigeria (CSN) Resource Center in Abuja Archdiocese, CBCN members say they find it regrettable that some people are accumulating the new notes, “hoarding” them, thus limiting their circulation.
“We admonish those who collaborate in hoarding the new currency and petroleum products to desist from such a dastardly act,” they say in their communiqué that was read out by CBCN President, Archbishop Lucius Iwejuru Ugorji.
The Catholic Bishops laud Nigerians for their bravery in the face of the hard situation and thank President Muhammadu Buhari for “approving the extended use of the old N200 notes”.