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Monday, December 5, 2022

Adeboye Bemoans Naira Depreciation, Slams FG Over Naira Note Redesign

The General Overseer of the Redeemed Christian Church Of God, Pastor Enoch Adeboye, has slammed the Federal Government’s decision to redesign the naira.

Adeboye stated this on Friday night, during the church’s November Holy Ghost Service with the theme “Let It Rain.”

The octogenarian lamented the naira’s dwindling purchasing power in his sermon.


He was perplexed that the FG intended to redesign the naira at a time when people were hungry and in need of money.

He said, “Do you know what is going on in our country? It doesn’t make sense anymore. Our Naira now, it is not even worth the paper it is printed on.

“And while people are hungry, trying to find enough money to buy bread to eat, our bosses are thinking of making the Naira more beautiful.”

The Central Bank Of Nigeria late October announced plans to redesign the N200, N500, and N1,000 banknotes.

The apex bank stated that the new notes will come into circulation on December 15, 2022, while existing Naira notes will remain legal tender until January 2023.

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