Obaseki describes Naira Redesigning as Misplaced, Waste of Resources

Edo State Governor, Mr. Godwin Obaseki has described the decision of the Central Bank of Nigeria, (CBN) to redesign the nation’s currency, the Naira as misplaced and a waste of resources.

Obaseki made this assertion while speaking at a Channels Television programme, Politics Today on Friday, monitored by Gentechnews, also slammed the management of the nation’s economy by the ruling All Progressives Congress(APC) for plunging Nigerians into poverty.

In his words: “Facts are facts, I say things as they are. The reality today is that, even the authorities themselves have admitted that we have created money that cannot be substantiated by productivity. I don’t think anybody will be in doubt. “I guess the issue for us today is for us to define our priorities.

“The question is what we should be doing. Where should we be focused? Why have we not done much in designing a workable policy that would take the majority of our people out of poverty”.

The governor posited that the situation is very terrible, stressing the country risks having about half of its population slipping to poverty.