The Digest:
The Central Bank of Nigeria has launched a national campaign against the abuse and hoarding of the naira, warning that practices such as spraying, mutilation, and writing on currency notes undermine the nation’s pride and increase maintenance costs. The initiative, tagged “Naira Our Pride: Handle With Care,” seeks to foster collective responsibility among Nigerians toward preserving the currency’s integrity.
- The campaign was flagged off in Abuja by Deputy Governor Bala Bello.
- Spraying, tearing, or defacing the naira is condemned as disrespectful.
- The CBN emphasized that the naira symbolizes national sovereignty.
- Stakeholders, including banks, transport unions, and schools, are called to join the effort.
- The campaign aims to reduce costs associated with currency replacement.
- Attitudinal change is described as crucial to sustaining the naira’s dignity.
- The initiative comes ahead of the festive period when currency abuse often peaks.
- The CBN urged media and civil society to support public sensitization.
Sources: Vanguard Nigeria
